Xponance Inc. Has $802,000 Stock Holdings in Olin Co. (NYSE:OLN)

Xponance Inc. trimmed its stake in shares of Olin Co. (NYSE:OLN) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,860 shares of the specialty chemicals company’s stock after selling 314 shares during the quarter. Xponance Inc.’s holdings in Olin were worth $802,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Olin by 14.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,067 shares of the specialty chemicals company’s stock worth $1,191,000 after purchasing an additional 2,776 shares in the last quarter. Ergawealth Advisors Inc. acquired a new position in Olin in the 4th quarter valued at approximately $216,000. Crumly & Associates Inc. increased its position in Olin by 30.7% in the 4th quarter. Crumly & Associates Inc. now owns 9,620 shares of the specialty chemicals company’s stock valued at $519,000 after acquiring an additional 2,258 shares during the period. Louisiana State Employees Retirement System acquired a new position in Olin in the 4th quarter valued at approximately $1,856,000. Finally, ORG Partners LLC increased its position in Olin by 1,100.0% in the 4th quarter. ORG Partners LLC now owns 960 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 880 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on OLN shares. Barclays upped their price target on shares of Olin from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Royal Bank of Canada upped their price target on shares of Olin from $64.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Wells Fargo & Company upped their price target on shares of Olin from $56.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group increased their price objective on shares of Olin from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus increased their price objective on shares of Olin from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Two research 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 company currently has an average rating of “Hold” and an average target price of $59.33.

Olin Stock Down 0.5 %

Shares of NYSE OLN opened at $52.81 on Friday. The firm has a market cap of $6.32 billion, a PE ratio of 14.92, a P/E/G ratio of 0.29 and a beta of 1.44. Olin Co. has a 12-month low of $41.71 and a 12-month high of $60.60. The company’s fifty day simple moving average is $55.61 and its 200 day simple moving average is $51.59. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 1.14.

Olin (NYSE:OLN) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.10. Olin had a net margin of 6.74% and a return on equity of 18.44%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, sell-side analysts forecast that Olin Co. will post 3.73 earnings per share for the current fiscal year.

Olin Announces Dividend

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

Insider Buying and Selling at Olin

In other Olin news, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $52.52, for a total value of $3,770,936.00. Following the transaction, the vice president now directly owns 19,469 shares of the company’s stock, valued at $1,022,511.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Olin news, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $52.52, for a total value of $3,770,936.00. Following the transaction, the vice president now directly owns 19,469 shares of the company’s stock, valued at $1,022,511.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott Mcdougald Sutton sold 539,328 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $53.96, for a total transaction of $29,102,138.88. Following the completion of the sale, the chief executive officer now owns 47,620 shares of the company’s stock, valued at approximately $2,569,575.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 753,274 shares of company stock valued at $40,434,124. Corporate insiders own 1.60% of the company’s stock.

Olin Company 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.