Randall W. Larrimore Purchases 800 Shares of Olin Co. (OLN) Stock

Olin Co. (NYSE:OLN) Director Randall W. Larrimore bought 800 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $31.28 per share, for a total transaction of $25,024.00. Following the acquisition, the director now directly owns 6,500 shares in the company, valued at $203,320. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Olin Co. (NYSE OLN) opened at $32.82 on Thursday. Olin Co. has a twelve month low of $27.79 and a twelve month high of $38.84. The company has a market capitalization of $5,392.32, a P/E ratio of 10.10, a P/E/G ratio of 1.03 and a beta of 1.36. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 1.31.

Olin (NYSE:OLN) last released its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $2.45. Olin had a return on equity of 6.02% and a net margin of 8.77%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. analysts expect that Olin Co. will post 2.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be issued a $0.20 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. Olin’s dividend payout ratio is currently 24.69%.

A number of large investors have recently added to or reduced their stakes in the stock. Castleark Management LLC acquired a new position in Olin in the fourth quarter worth approximately $4,233,000. Macquarie Group Ltd. increased its holdings in Olin by 0.6% in the fourth quarter. Macquarie Group Ltd. now owns 3,300,787 shares of the specialty chemicals company’s stock worth $117,442,000 after buying an additional 18,904 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in Olin by 78.7% in the fourth quarter. Vident Investment Advisory LLC now owns 24,726 shares of the specialty chemicals company’s stock worth $880,000 after buying an additional 10,890 shares during the last quarter. LPL Financial LLC increased its holdings in Olin by 10.3% in the fourth quarter. LPL Financial LLC now owns 54,192 shares of the specialty chemicals company’s stock worth $1,928,000 after buying an additional 5,068 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in Olin by 21.9% in the fourth quarter. Flinton Capital Management LLC now owns 21,794 shares of the specialty chemicals company’s stock worth $775,000 after buying an additional 3,910 shares during the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s stock.

A number of equities analysts have recently weighed in on OLN shares. TheStreet upgraded Olin from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Vertical Research upgraded Olin from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Royal Bank of Canada reiterated a “buy” rating and issued a $42.00 target price on shares of Olin in a report on Thursday, December 14th. SunTrust Banks reiterated a “buy” rating and issued a $46.00 target price on shares of Olin in a report on Monday, November 6th. Finally, Zacks Investment Research upgraded Olin from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.80.

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About Olin

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Insider Buying and Selling by Quarter for Olin (NYSE:OLN)

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