International Assets Investment Management LLC Increases Holdings in Olin Co. (NYSE:OLN)

International Assets Investment Management LLC grew its holdings in Olin Co. (NYSE:OLN) by 4,395.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,790 shares of the specialty chemicals company’s stock after acquiring an additional 10,550 shares during the period. International Assets Investment Management LLC’s holdings in Olin were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in shares of Olin by 15.6% in the third quarter. Pzena Investment Management LLC now owns 2,940,658 shares of the specialty chemicals company’s stock worth $146,974,000 after purchasing an additional 397,050 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Olin by 0.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,321,017 shares of the specialty chemicals company’s stock worth $66,024,000 after purchasing an additional 8,788 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Olin by 8.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,192,018 shares of the specialty chemicals company’s stock worth $59,577,000 after purchasing an additional 89,656 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Olin by 21.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,179,543 shares of the specialty chemicals company’s stock worth $58,954,000 after acquiring an additional 206,398 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Olin by 5.3% during the third quarter. Invesco Ltd. now owns 1,132,733 shares of the specialty chemicals company’s stock worth $56,614,000 after acquiring an additional 57,364 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OLN shares. Stifel Nicolaus boosted their price objective on Olin from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Citigroup boosted their price objective on Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Barclays boosted their price objective on Olin from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. The Goldman Sachs Group boosted their target price on Olin from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada boosted their target price on Olin from $64.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.33.

Olin Stock Down 0.9 %

Shares of NYSE OLN opened at $53.08 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.73 and a current ratio of 1.29. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.29 and a beta of 1.44. The stock has a 50 day moving average price of $55.61 and a 200 day moving average price of $51.58. Olin Co. has a 52-week low of $41.71 and a 52-week high of $60.60.

Olin (NYSE:OLN) last announced its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. Olin had a return on equity of 18.44% and a net margin of 6.74%. Sell-side analysts expect that Olin Co. will post 3.75 earnings per share for the current year.

Olin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. Olin’s dividend payout ratio is currently 22.60%.

Insiders Place Their Bets

In other Olin news, CEO Scott Mcdougald Sutton sold 48,896 shares of the company’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 completion of the sale, the chief executive officer now owns 90,327 shares in the company, valued at $4,732,231.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Olin news, CEO Scott Mcdougald Sutton sold 48,896 shares of the company’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 completion of the sale, the chief executive officer now owns 90,327 shares in the company, valued at $4,732,231.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Valerie A. Peters sold 71,800 shares of the company’s 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 sale, the vice president now owns 19,469 shares of the company’s stock, valued at approximately $1,022,511.88. The disclosure for this sale can be found here. Insiders sold a total of 753,274 shares of company stock worth $40,434,124 over the last 90 days. Company insiders own 1.80% of the company’s stock.

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.