Alps Advisors Inc. Acquires Shares of 35,346 Olin Co. (OLN)

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Alps Advisors Inc. acquired a new stake in Olin Co. (NYSE:OLN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 35,346 shares of the specialty chemicals company’s stock, valued at approximately $711,000.

A number of other large investors have also recently modified their holdings of OLN. Lavaca Capital LLC acquired a new stake in Olin in the 4th quarter valued at about $29,000. Pflug Koory LLC lifted its stake in Olin by 29.8% in the 4th quarter. Pflug Koory LLC now owns 2,985 shares of the specialty chemicals company’s stock valued at $60,000 after purchasing an additional 685 shares during the last quarter. IMS Capital Management acquired a new stake in Olin in the 3rd quarter valued at about $88,000. Meeder Asset Management Inc. lifted its stake in Olin by 57.2% in the 4th quarter. Meeder Asset Management Inc. now owns 4,729 shares of the specialty chemicals company’s stock valued at $95,000 after purchasing an additional 1,721 shares during the last quarter. Finally, MML Investors Services LLC acquired a new stake in Olin in the 3rd quarter valued at about $210,000. Institutional investors and hedge funds own 88.26% of the company’s stock.

Shares of OLN stock opened at $25.76 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.53 and a quick ratio of 0.89. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.40 and a beta of 1.56. Olin Co. has a 12-month low of $17.87 and a 12-month high of $34.42.

Olin (NYSE:OLN) last issued its quarterly earnings data on Monday, February 4th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.70 billion. Olin had a return on equity of 10.42% and a net margin of 4.72%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $2.89 earnings per share. On average, sell-side analysts anticipate that Olin Co. will post 1.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.80 annualized dividend and a yield of 3.11%. Olin’s dividend payout ratio (DPR) is presently 45.71%.

In related news, SVP John Maurice Sampson acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average cost of $19.84 per share, for a total transaction of $99,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Several equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Olin in a research note on Monday, January 28th. They issued an “overweight” rating and a $30.00 target price for the company. Royal Bank of Canada cut their target price on shares of Olin to $22.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 31st. TheStreet downgraded shares of Olin from a “b-” rating to a “c+” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded shares of Olin from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Finally, Citigroup cut their price objective on shares of Olin from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Olin currently has a consensus rating of “Hold” and an average target price of $29.83.

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Olin Profile

Olin Corporation manufactures and distributes chemical products in the United States and internationally. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide.

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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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