Brett A. Flaugher Sells 9,000 Shares of Olin Co. (NYSE:OLN) Stock

Olin Co. (NYSE:OLNGet Rating) VP Brett A. Flaugher sold 9,000 shares of Olin stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $62.30, for a total value of $560,700.00. Following the transaction, the vice president now owns 43,628 shares of the company’s stock, valued at approximately $2,718,024.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE OLN opened at $63.40 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.93. The company has a market cap of $9.63 billion, a P/E ratio of 7.11 and a beta of 1.20. Olin Co. has a 52 week low of $39.90 and a 52 week high of $65.30. The business has a 50-day simple moving average of $53.89 and a two-hundred day simple moving average of $54.63.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, May 9th. Olin’s payout ratio is 8.97%.

OLN has been the subject of a number of analyst reports. Citigroup lifted their price target on Olin from $65.00 to $74.00 in a research note on Monday, May 2nd. Royal Bank of Canada lifted their price target on Olin from $76.00 to $83.00 in a research note on Monday, May 2nd. Morgan Stanley cut their price target on Olin from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 11th. KeyCorp increased their price target on Olin from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, April 5th. Finally, Barclays boosted their price objective on Olin from $57.00 to $65.00 in a research report on Monday, May 2nd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Olin has an average rating of “Buy” and an average target price of $71.00.

Hedge funds have recently added to or reduced their stakes in the company. Sageworth Trust Co of South Dakota bought a new stake in Olin during the 4th quarter worth approximately $25,000. Castle Financial & Retirement Planning Associates Inc. purchased a new position in shares of Olin during the 4th quarter valued at $31,000. TCI Wealth Advisors Inc. increased its holdings in shares of Olin by 169.2% in the first quarter. TCI Wealth Advisors Inc. now owns 603 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 379 shares during the period. TFO TDC LLC purchased a new stake in shares of Olin in the first quarter worth $32,000. Finally, National Bank of Canada FI bought a new stake in Olin during the fourth quarter valued at $38,000. Institutional investors own 81.79% of the company’s stock.

Olin Company Profile (Get Rating)

Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. 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, chlorinated organics intermediates and solvents, and sodium hypochlorite.

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