Key Points
- Olin VP Teresa Vermillion sold 4,500 shares on Nov. 26 at an average price of $20.86 for $93,870, trimming her stake by 20.74% to 17,199 shares.
- Olin declared a quarterly dividend of $0.20 per share (annualized $0.80, ~3.7% yield) with record/ex-dividend dates on Nov. 28 and payment on Dec. 12; the payout ratio is a high 173.91%.
- Recent results and sentiment: Olin beat Q3 EPS estimates ($0.40 vs. $0.09) with revenue up 7.8% year-over-year, while analysts' consensus is a "Hold" with an average target of $25 and mixed ratings.
Olin Corporation (NYSE:OLN - Get Free Report) VP Teresa Vermillion sold 4,500 shares of the firm's stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $20.86, for a total value of $93,870.00. Following the completion of the transaction, the vice president owned 17,199 shares of the company's stock, valued at $358,771.14. The trade was a 20.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Olin Stock Performance
OLN opened at $21.36 on Friday. Olin Corporation has a 52-week low of $17.66 and a 52-week high of $43.76. The firm has a market capitalization of $2.44 billion, a PE ratio of 46.43, a PEG ratio of 6.82 and a beta of 1.79. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.89 and a current ratio of 1.56. The business's 50-day simple moving average is $22.14 and its 200 day simple moving average is $21.66.
Olin (NYSE:OLN - Get Free Report) last posted its quarterly earnings results on Monday, October 27th. The specialty chemicals company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.31. Olin had a return on equity of 3.36% and a net margin of 0.79%.The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned ($0.21) earnings per share. The business's revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Olin Corporation will post 1.38 earnings per share for the current fiscal year.
Olin Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, November 28th. Olin's dividend payout ratio is 173.91%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on OLN shares. KeyCorp decreased their price objective on shares of Olin from $30.00 to $29.00 and set an "overweight" rating for the company in a research report on Wednesday, October 29th. Truist Financial cut their target price on shares of Olin from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Tuesday, October 28th. Citigroup reissued a "neutral" rating on shares of Olin in a research report on Wednesday, October 29th. Wells Fargo & Company dropped their price objective on Olin from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Olin in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $25.00.
Get Our Latest Report on Olin
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of OLN. Strategic Advocates LLC bought a new position in shares of Olin during the third quarter worth approximately $25,000. Evelyn Partners Investment Management LLP raised its position in shares of Olin by 6,360.0% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 1,615 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 1,590 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Olin during the first quarter valued at approximately $32,000. Bessemer Group Inc. lifted its position in shares of Olin by 712.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,341 shares of the specialty chemicals company's stock worth $34,000 after buying an additional 1,176 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Olin by 134.9% in the second quarter. UMB Bank n.a. now owns 1,736 shares of the specialty chemicals company's stock worth $35,000 after acquiring an additional 997 shares during the last quarter. 88.67% of the stock is owned by institutional investors.
Olin Company Profile
(
Get Free Report)
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.
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