Mutual of America Capital Management LLC Has $4.10 Million Stock Holdings in Olin Co. (NYSE:OLN)

Mutual of America Capital Management LLC trimmed its position in Olin Co. (NYSE:OLN) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,930 shares of the specialty chemicals company’s stock after selling 6,019 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Olin were worth $4,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. HighTower Advisors LLC lifted its position in Olin by 10.4% during the 1st quarter. HighTower Advisors LLC now owns 7,760 shares of the specialty chemicals company’s stock worth $407,000 after acquiring an additional 728 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Olin in the first quarter valued at about $230,000. Acadian Asset Management LLC bought a new position in shares of Olin in the first quarter worth about $53,000. Great West Life Assurance Co. Can lifted its position in shares of Olin by 8.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 82,375 shares of the specialty chemicals company’s stock worth $4,437,000 after purchasing an additional 6,589 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Olin by 5.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 4,714 shares of the specialty chemicals company’s stock valued at $246,000 after purchasing an additional 259 shares during the period. 88.67% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Todd A. Slater sold 63,250 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $54.15, for a total transaction of $3,424,987.50. Following the completion of the sale, the chief financial officer now owns 137,517 shares in the company, valued at approximately $7,446,545.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Olin news, VP Valerie A. Peters sold 71,800 shares of Olin stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total value of $3,770,936.00. Following the completion of the transaction, the vice president now owns 19,469 shares in the company, valued at approximately $1,022,511.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Todd A. Slater sold 63,250 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total value of $3,424,987.50. Following the sale, the chief financial officer now owns 137,517 shares in the company, valued at approximately $7,446,545.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 753,274 shares of company stock worth $40,434,124. Corporate insiders own 1.80% of the company’s stock.

Olin Stock Down 0.9 %

NYSE OLN opened at $53.52 on Wednesday. Olin Co. has a 1-year low of $41.71 and a 1-year high of $60.60. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.29 and a beta of 1.44. The stock’s 50 day moving average is $55.34 and its two-hundred day moving average is $51.37. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14.

Olin (NYSE:OLN) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.20 by $0.10. Olin had a return on equity of 18.44% and a net margin of 6.74%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts forecast that Olin Co. will post 3.75 earnings per share for the current fiscal year.

Olin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. Olin’s dividend payout ratio is presently 22.60%.

Wall Street Analyst Weigh In

OLN has been the topic of several recent analyst reports. UBS Group lifted 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. Stifel Nicolaus upped their target price on shares of Olin from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Royal Bank of Canada increased their price target on shares of Olin from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 29th. The Goldman Sachs Group boosted their price objective on shares of Olin from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Finally, KeyCorp increased their target price on shares of Olin from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.00.

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.