R Nichole Sumner Sells 10,500 Shares of Olin Co. (NYSE:OLN) Stock

Olin Co. (NYSE:OLN) VP R Nichole Sumner sold 10,500 shares of Olin stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $43.75, for a total value of $459,375.00. Following the completion of the transaction, the vice president now owns 24,056 shares of the company’s stock, valued at approximately $1,052,450. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Olin Price Performance

Shares of NYSE OLN traded down $0.76 during trading on Tuesday, hitting $43.39. The company had a trading volume of 174,322 shares, compared to its average volume of 1,198,846. The company has a market cap of $5.06 billion, a P/E ratio of 35.61, a PEG ratio of 1.79 and a beta of 1.43. Olin Co. has a 52 week low of $39.47 and a 52 week high of $60.60. The business’s 50-day moving average is $44.49 and its 200 day moving average is $47.18. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.82 and a current ratio of 1.40.

Olin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. Olin’s dividend payout ratio is currently 64.52%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LRI Investments LLC purchased a new position in Olin during the 1st quarter worth approximately $28,000. Farther Finance Advisors LLC grew its position in Olin by 88.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 589 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 276 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Olin by 4,375.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 525 shares in the last quarter. nVerses Capital LLC purchased a new position in Olin during the 2nd quarter worth approximately $33,000. Finally, Covestor Ltd grew its position in Olin by 357.5% during the 3rd quarter. Covestor Ltd now owns 915 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 715 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

OLN has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Olin from $48.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Barclays decreased their target price on Olin from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. upgraded Olin from a “neutral” rating to an “overweight” rating and set a $55.00 target price for the company in a research note on Monday, July 29th. Bank of America downgraded Olin from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $62.00 to $51.00 in a research report on Monday, July 29th. Finally, The Goldman Sachs Group reduced their price objective on Olin from $55.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Olin has a consensus rating of “Hold” and an average price target of $51.86.

About Olin

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.