Olin Co. (NYSE:OLN) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its holdings in Olin Co. (NYSE:OLN) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,922 shares of the specialty chemicals company’s stock after selling 261 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Olin were worth $373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baystate Wealth Management LLC boosted its position in shares of Olin by 154.6% in the 3rd quarter. Baystate Wealth Management LLC now owns 494 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Covestor Ltd boosted its position in shares of Olin by 76.7% in the 3rd quarter. Covestor Ltd now owns 659 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 286 shares during the period. Sandy Spring Bank lifted its position in Olin by 145.6% during the 4th quarter. Sandy Spring Bank now owns 614 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 364 shares during the period. Motco acquired a new stake in Olin during the 3rd quarter worth approximately $40,000. Finally, ORG Partners LLC acquired a new stake in Olin during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OLN shares. Stifel Nicolaus increased their target price on Olin from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. UBS Group raised their price target on Olin from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. The Goldman Sachs Group raised their price objective on Olin from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Piper Sandler raised their price objective on Olin from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Citigroup upped their price target on Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $60.00.

Insider Activity at Olin

In other news, CEO Scott Mcdougald Sutton sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $52.50, for a total value of $787,500.00. Following the sale, the chief executive officer now owns 75,327 shares in the company, valued at $3,954,667.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 78,896 shares of company stock valued at $4,136,061. Corporate insiders own 1.80% of the company’s stock.

Olin Stock Performance

Shares of OLN opened at $55.98 on Wednesday. Olin Co. has a 52-week low of $41.71 and a 52-week high of $60.60. The company has a quick ratio of 0.80, a current ratio of 1.38 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $6.69 billion, a PE ratio of 20.14, a P/E/G ratio of 0.31 and a beta of 1.48. The firm has a 50-day moving average price of $55.84 and a 200 day moving average price of $51.95.

Olin (NYSE:OLN) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Olin had a return on equity of 14.47% and a net margin of 5.32%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. Olin’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Olin Co. will post 3.68 earnings per share for the current fiscal year.

Olin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. Olin’s dividend payout ratio (DPR) is presently 28.78%.

About Olin

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.