Olin Co. (NYSE:OLN) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its position in shares of Olin Co. (NYSE:OLN) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,709 shares of the specialty chemicals company’s stock after acquiring an additional 1,659 shares during the quarter. Larson Financial Group LLC’s holdings in Olin were worth $1,425,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OLN. LRI Investments LLC purchased a new stake in Olin in the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its position in shares of Olin by 4,375.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 525 shares during the period. Farther Finance Advisors LLC boosted its holdings in Olin by 88.2% in the third quarter. Farther Finance Advisors LLC now owns 589 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 276 shares during the last quarter. nVerses Capital LLC purchased a new stake in Olin during the second quarter valued at about $33,000. Finally, Covestor Ltd increased its stake in Olin by 357.5% during the third quarter. Covestor Ltd now owns 915 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 715 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP R Nichole Sumner sold 10,500 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $43.75, for a total transaction of $459,375.00. Following the completion of the sale, the vice president now directly owns 24,056 shares of the company’s stock, valued at $1,052,450. This trade represents a 30.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on OLN. KeyCorp reduced their price objective on Olin from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Barclays reduced their price target on Olin from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. raised shares of Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price objective for the company in a research report on Monday, July 29th. Mizuho started coverage on shares of Olin in a research note on Thursday, August 8th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Olin from $57.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.86.

Olin Price Performance

NYSE:OLN opened at $42.87 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.40 and a quick ratio of 0.82. The stock has a market cap of $5.00 billion, a P/E ratio of 34.57, a PEG ratio of 1.74 and a beta of 1.43. The company has a fifty day moving average price of $44.51 and a 200 day moving average price of $46.49. Olin Co. has a one year low of $39.47 and a one year high of $60.60.

Olin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, November 14th. Olin’s payout ratio is 64.52%.

Olin Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.