Olin (NYSE:OLN) Upgraded by KeyCorp to Strong-Buy Rating

KeyCorp upgraded shares of Olin (NYSE:OLN) to a strong-buy rating in a research note published on Thursday morning,Zacks reports. KeyCorp also issued estimates for Olin’s Q3 2026 earnings at $0.06 EPS, Q4 2026 earnings at ($0.20) EPS and FY2028 earnings at $1.35 EPS.

Several other research firms have also issued reports on OLN. Wall Street Zen lowered shares of Olin from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. UBS Group dropped their price target on shares of Olin from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Olin in a report on Wednesday, August 19th. Citigroup cut shares of Olin from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 30th. Finally, Mizuho upped their price objective on shares of Olin from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.62.

Olin Stock Down 1.1%

Shares of NYSE:OLN opened at $17.27 on Thursday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -14.04 and a beta of 1.20. The company has a quick ratio of 0.87, a current ratio of 1.42 and a debt-to-equity ratio of 1.77. Olin has a 12-month low of $16.73 and a 12-month high of $30.46. The business’s 50 day moving average is $19.57 and its 200 day moving average is $23.56.

Olin (NYSE:OLN) last announced its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.25). Olin had a negative return on equity of 4.76% and a negative net margin of 2.08%.The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company posted ($0.01) EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that Olin will post -0.68 earnings per share for the current fiscal year.

Olin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Thursday, August 27th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, August 27th. Olin’s dividend payout ratio is -65.04%.

Institutional Investors Weigh In On Olin

Large investors have recently made changes to their positions in the business. Tidal Investments LLC raised its stake in shares of Olin by 16.7% during the 2nd quarter. Tidal Investments LLC now owns 50,158 shares of the specialty chemicals company’s stock worth $994,000 after purchasing an additional 7,175 shares during the period. WINTON GROUP Ltd bought a new position in Olin during the second quarter valued at about $1,747,000. Engineers Gate Manager LP increased its holdings in Olin by 1,601.5% during the second quarter. Engineers Gate Manager LP now owns 210,478 shares of the specialty chemicals company’s stock worth $4,172,000 after buying an additional 198,108 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Olin during the second quarter worth about $205,000. Finally, IFP Advisors Inc raised its position in Olin by 118.9% in the second quarter. IFP Advisors Inc now owns 3,163 shares of the specialty chemicals company’s stock worth $63,000 after acquiring an additional 1,718 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

About Olin

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.