Larson Financial Group LLC Acquires 1,659 Shares of Olin Co. (NYSE:OLN)

Larson Financial Group LLC grew its stake in Olin Co. (NYSE:OLN) by 5.9% during the third quarter, HoldingsChannel reports. The firm owned 29,709 shares of the specialty chemicals company’s stock after buying an additional 1,659 shares during the quarter. Larson Financial Group LLC’s holdings in Olin were worth $1,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in OLN. LRI Investments LLC acquired a new stake in shares of Olin during the first quarter valued at about $28,000. Bayesian Capital Management LP increased its position in Olin by 57.1% in the 1st quarter. Bayesian Capital Management LP now owns 20,900 shares of the specialty chemicals company’s stock valued at $1,229,000 after acquiring an additional 7,600 shares during the period. Dynasty Wealth Management LLC acquired a new position in Olin in the 1st quarter valued at approximately $326,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Olin by 31.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 42,880 shares of the specialty chemicals company’s stock valued at $2,521,000 after acquiring an additional 10,335 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Olin by 510.4% during the first quarter. Tidal Investments LLC now owns 33,132 shares of the specialty chemicals company’s stock worth $1,948,000 after purchasing an additional 27,704 shares during the period. 88.67% of the stock is owned by institutional investors.

Insider Transactions at Olin

In other Olin news, VP R Nichole Sumner sold 10,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $43.75, for a total transaction 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 $1,052,450. This represents a 30.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OLN has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their target price on shares of Olin from $50.00 to $47.00 and set a “market perform” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada decreased their price objective on shares of Olin from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. KeyCorp lowered their target price on shares of Olin from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Olin from $57.00 to $48.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Finally, Barclays decreased their price target on Olin from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.86.

Olin Trading Up 2.0 %

NYSE OLN opened at $42.87 on Monday. The stock’s 50 day moving average is $44.51 and its 200 day moving average is $46.49. The company has a quick ratio of 0.82, a current ratio of 1.40 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $5.00 billion, a PE ratio of 34.57, a P/E/G ratio of 1.74 and a beta of 1.43. Olin Co. has a twelve month low of $39.47 and a twelve month high of $60.60.

Olin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.80 annualized dividend and a yield of 1.87%. Olin’s dividend payout ratio (DPR) is 64.52%.

Olin Profile

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.