Olin Co. (NYSE:OLN) Shares Sold by National Bank of Canada FI
National Bank of Canada FI trimmed its position in Olin Co. (NYSE:OLN – Free Report) by 40.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 787 shares of the specialty chemicals company’s stock after selling 536 shares during the period. National Bank of Canada FI’s holdings in Olin were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OLN. Principal Financial Group Inc. raised its stake in shares of Olin by 2.7% in the third quarter. Principal Financial Group Inc. now owns 464,409 shares of the specialty chemicals company’s stock worth $23,211,000 after purchasing an additional 12,306 shares during the last quarter. California Public Employees Retirement System lifted its stake in Olin by 5.7% during the 3rd quarter. California Public Employees Retirement System now owns 249,744 shares of the specialty chemicals company’s stock valued at $12,482,000 after acquiring an additional 13,508 shares during the period. Lmcg Investments LLC increased its stake in shares of Olin by 2.6% in the third quarter. Lmcg Investments LLC now owns 61,187 shares of the specialty chemicals company’s stock worth $3,058,000 after acquiring an additional 1,550 shares during the period. Larson Financial Group LLC raised its holdings in shares of Olin by 2.5% during the third quarter. Larson Financial Group LLC now owns 29,482 shares of the specialty chemicals company’s stock worth $1,474,000 after purchasing an additional 706 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in Olin during the third quarter valued at $44,000. Hedge funds and other institutional investors own 88.67% of the company’s stock. Analyst Upgrades and Downgrades OLN has been the topic of several analyst reports. Piper Sandler increased their price target on Olin from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. KeyCorp reduced their price target on Olin from $78.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Stifel Nicolaus upped their price objective on Olin from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Bank of America cut their target price on shares of Olin from $74.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Citigroup increased their price target on shares of Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Olin presently has an average rating of “Hold” and a consensus target price of $60.00. Read Our Latest Stock Report on OLN Olin Stock Performance Shares of NYSE:OLN opened at $56.15 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.38 and a quick ratio of 0.80. Olin Co. has a 1 year low of $41.71 and a 1 year high of $60.60. The firm has a market capitalization of $6.71 billion, a PE ratio of 20.20, a P/E/G ratio of 0.33 and a beta of 1.48. The business’s 50 day moving average price is $55.96 and its 200-day moving average price is $52.56. Olin (NYSE:OLN – Get Free Report) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Olin had a net margin of 5.32% and a return on equity of 14.47%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, equities research analysts expect that Olin Co. will post 3.68 earnings per share for the current fiscal year. Olin Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, May 8th. Olin’s dividend payout ratio (DPR) is 28.78%. Insider Transactions at Olin In other Olin news, CEO Scott Mcdougald Sutton sold 48,896 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $52.39, for a total transaction of $2,561,661.44. Following the transaction, the chief executive officer now owns 90,327 shares of the company’s stock, valued at $4,732,231.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Scott Mcdougald Sutton sold 48,896 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $52.39, for a total value of $2,561,661.44. Following the completion of the transaction, the chief executive officer now directly owns 90,327 shares in the company, valued at $4,732,231.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brett A. Flaugher sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $52.46, for a total value of $786,900.00. Following the sale, the vice president now directly owns 8,782 shares of the company’s stock, valued at $460,703.72. The disclosure for this sale can be found here. Insiders have sold a total of 78,896 shares of company stock worth $4,136,061 in the last ninety days. Insiders own 1.60% of the company’s stock. Olin Company Profile (Free Report) 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.
