Olin Co. (NYSE:OLN) has earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $37.13.

A number of research firms have issued reports on OLN. SunTrust Banks restated a “buy” rating and set a $46.00 price target on shares of Olin in a report on Monday, November 6th. TheStreet upgraded shares of Olin from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Olin from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Cowen reiterated an “outperform” rating and issued a $42.00 target price (up previously from $39.00) on shares of Olin in a research note on Tuesday, October 10th. Finally, Citigroup started coverage on shares of Olin in a research note on Wednesday, September 27th. They issued a “buy” rating and a $39.00 target price for the company.

In related news, SVP John Maurice Sampson sold 3,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $36.58, for a total value of $109,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John L. Mcintosh sold 9,500 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $35.42, for a total transaction of $336,490.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,083 shares of company stock valued at $2,741,284. 2.90% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its position in Olin by 238.5% in the second quarter. Acrospire Investment Management LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $133,000 after purchasing an additional 3,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Olin by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,126 shares of the specialty chemicals company’s stock worth $185,000 after purchasing an additional 544 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Olin in the third quarter worth about $216,000. Heartland Advisors Inc. acquired a new position in Olin in the third quarter worth about $217,000. Finally, Frontier Wealth Management LLC acquired a new position in Olin in the second quarter worth about $200,000. 89.70% of the stock is owned by hedge funds and other institutional investors.

Olin (NYSE:OLN) traded down $0.54 during mid-day trading on Monday, reaching $34.79. 1,029,700 shares of the company’s stock were exchanged, compared to its average volume of 2,096,997. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.72 and a quick ratio of 1.03. Olin has a one year low of $24.93 and a one year high of $37.52. The company has a market capitalization of $5,820.00, a PE ratio of 42.95, a price-to-earnings-growth ratio of 3.87 and a beta of 1.39.

Olin (NYSE:OLN) last released its quarterly earnings results on Monday, October 30th. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). Olin had a net margin of 1.29% and a return on equity of 6.05%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. equities analysts forecast that Olin will post 0.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Thursday, November 9th. Olin’s payout ratio is presently 173.91%.

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Olin Company Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Analyst Recommendations for Olin (NYSE:OLN)

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