International Assets Investment Management LLC Has $582,000 Position in Olin Co. (NYSE:OLN)

International Assets Investment Management LLC increased its holdings in shares of Olin Co. (NYSE:OLN) by 4,395.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,790 shares of the specialty chemicals company’s stock after acquiring an additional 10,550 shares during the quarter. International Assets Investment Management LLC’s holdings in Olin were worth $582,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC grew its holdings in Olin by 154.6% in the 3rd quarter. Baystate Wealth Management LLC now owns 494 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. Covestor Ltd grew its holdings in Olin by 76.7% in the 3rd quarter. Covestor Ltd now owns 659 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 286 shares in the last quarter. Motco acquired a new position in Olin in the 3rd quarter valued at $40,000. ORG Partners LLC acquired a new position in Olin in the 3rd quarter valued at $44,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Olin during the 4th quarter worth $203,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Olin from $64.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. The Goldman Sachs Group increased their target price on Olin from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. UBS Group increased their target price on Olin from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. KeyCorp increased their target price on Olin from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus upped their price objective on Olin from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.33.

Olin Price Performance

Olin stock opened at $53.08 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $6.35 billion, a PE ratio of 14.99, 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 stock has a 50-day moving average price of $55.61 and a two-hundred day moving average price of $51.58.

Olin (NYSE:OLN) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.20 by $0.10. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. Olin had a return on equity of 18.44% and a net margin of 6.74%. Analysts expect that Olin Co. will post 3.75 EPS for the current year.

Olin Announces Dividend

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

Insider Buying and Selling at Olin

In other news, CFO Todd A. Slater sold 63,250 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total value of $3,424,987.50. Following the completion of the sale, the chief financial officer now owns 137,517 shares of the company’s stock, valued at $7,446,545.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Scott Mcdougald Sutton sold 48,896 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.39, for a total value of $2,561,661.44. Following the completion of the sale, the chief executive officer now owns 90,327 shares of the company’s stock, valued at $4,732,231.53. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Todd A. Slater sold 63,250 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $54.15, for a total value of $3,424,987.50. Following the completion of the sale, the chief financial officer now directly owns 137,517 shares of the company’s stock, valued at approximately $7,446,545.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 753,274 shares of company stock worth $40,434,124. 1.80% of the stock is currently owned by insiders.

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.