Sei Investments Co. Has $9.09 Million Stake in Olin Corporation (OLN)

Sei Investments Co. lifted its holdings in shares of Olin Corporation (NYSE:OLN) by 7.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 265,312 shares of the specialty chemicals company’s stock after acquiring an additional 17,354 shares during the period. Sei Investments Co. owned approximately 0.16% of Olin Corporation worth $9,087,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. World Asset Management Inc lifted its holdings in shares of Olin Corporation by 2.3% during the 2nd quarter. World Asset Management Inc now owns 10,353 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 228 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Olin Corporation by 3.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,355 shares of the specialty chemicals company’s stock worth $404,000 after acquiring an additional 453 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Olin Corporation by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,126 shares of the specialty chemicals company’s stock worth $185,000 after acquiring an additional 544 shares during the period. Comerica Securities Inc. lifted its holdings in shares of Olin Corporation by 0.6% during the 2nd quarter. Comerica Securities Inc. now owns 99,523 shares of the specialty chemicals company’s stock worth $3,014,000 after acquiring an additional 561 shares during the period. Finally, Capstone Asset Management Co. lifted its holdings in shares of Olin Corporation by 5.7% during the 2nd quarter. Capstone Asset Management Co. now owns 12,515 shares of the specialty chemicals company’s stock worth $379,000 after acquiring an additional 680 shares during the period. 95.49% of the stock is owned by institutional investors.

OLN has been the subject of a number of analyst reports. BidaskClub downgraded shares of Olin Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Cowen and Company reissued an “outperform” rating and set a $42.00 price target (up from $39.00) on shares of Olin Corporation in a report on Tuesday, October 10th. Zacks Investment Research raised shares of Olin Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Citigroup Inc. began coverage on shares of Olin Corporation in a report on Wednesday, September 27th. They set a “buy” rating and a $39.00 price target for the company. Finally, TheStreet raised shares of Olin Corporation from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.13.

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Olin Corporation (NYSE OLN) opened at $36.24 on Tuesday. The stock has a market cap of $6,010.00, a P/E ratio of 44.73, a P/E/G ratio of 4.03 and a beta of 1.41. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.03 and a current ratio of 1.72. Olin Corporation has a 1-year low of $24.92 and a 1-year high of $37.52.

Olin Corporation (NYSE:OLN) last announced its quarterly earnings results on Monday, October 30th. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). Olin Corporation had a net margin of 1.29% and a return on equity of 6.05%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts forecast that Olin Corporation will post 0.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, November 9th. Olin Corporation’s payout ratio is currently 173.91%.

In other news, VP Dolores J. Ennico sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $36.80, for a total value of $552,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Maurice Sampson sold 3,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $36.58, for a total transaction of $109,740.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,083 shares of company stock worth $2,741,284. Insiders own 2.90% of the company’s stock.

Olin Corporation Profile

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.

Institutional Ownership by Quarter for Olin Corporation (NYSE:OLN)

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