TheStreet upgraded shares of Olin Corporation (NYSE:OLN) from a c+ rating to a b rating in a research note published on Tuesday.

OLN has been the topic of a number of other reports. Zacks Investment Research cut shares of Olin Corporation from a hold rating to a strong sell rating in a report on Wednesday, October 4th. Citigroup Inc. initiated coverage on shares of Olin Corporation in a report on Wednesday, September 27th. They set a buy rating and a $39.00 target price on the stock. SunTrust Banks, Inc. reissued a buy rating and set a $44.00 target price (up from $36.00) on shares of Olin Corporation in a report on Monday, October 2nd. Cowen and Company reissued an outperform rating and set a $42.00 target price (up from $39.00) on shares of Olin Corporation in a report on Tuesday, October 10th. Finally, BidaskClub raised shares of Olin Corporation from a sell rating to a hold rating in a report on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $36.88.

Olin Corporation (NYSE:OLN) last issued its earnings results on Monday, October 30th. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. Olin Corporation had a return on equity of 6.05% and a net margin of 1.29%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share.

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The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, November 9th. Olin Corporation’s payout ratio is 177.78%.

In other Olin Corporation news, VP Stephen C. Curley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $30.34, for a total value of $151,700.00. Following the completion of the transaction, the vice president now directly owns 23,837 shares in the company, valued at $723,214.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in OLN. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of Olin Corporation in the first quarter worth about $118,000. Acrospire Investment Management LLC boosted its holdings in shares of Olin Corporation 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 buying an additional 3,100 shares during the period. Creative Planning boosted its holdings in shares of Olin Corporation by 130.8% in the second quarter. Creative Planning now owns 5,050 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 2,862 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Olin Corporation 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 buying an additional 544 shares during the period. Finally, Frontier Wealth Management LLC acquired a new position in shares of Olin Corporation in the second quarter worth about $200,000. Institutional investors own 92.93% of the company’s stock.

About Olin Corporation

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 Corporation (NYSE:OLN)

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