Nisa Investment Advisors LLC Buys 350 Shares of Olin Co. (NYSE:OLN)

Nisa Investment Advisors LLC boosted its stake in shares of Olin Co. (NYSE:OLN) by 3.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,830 shares of the specialty chemicals company’s stock after purchasing an additional 350 shares during the period. Nisa Investment Advisors LLC’s holdings in Olin were worth $568,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in Olin by 495.3% during the third quarter. State of Alaska Department of Revenue now owns 77,655 shares of the specialty chemicals company’s stock worth $3,725,000 after acquiring an additional 64,610 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Olin by 139.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,232 shares of the specialty chemicals company’s stock valued at $971,000 after buying an additional 11,766 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Olin by 26.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,534 shares of the specialty chemicals company’s stock valued at $75,000 after buying an additional 318 shares during the last quarter. Highland Capital Management LLC grew its stake in shares of Olin by 22.7% during the third quarter. Highland Capital Management LLC now owns 97,739 shares of the specialty chemicals company’s stock valued at $4,690,000 after buying an additional 18,110 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Olin by 4,698.0% during the third quarter. International Assets Investment Management LLC now owns 9,596 shares of the specialty chemicals company’s stock valued at $460,000 after buying an additional 9,396 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Olin Stock Up 2.8 %

Olin stock opened at $41.99 on Tuesday. The business has a fifty day moving average of $44.52 and a two-hundred day moving average of $47.53. 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 cap of $4.90 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.66 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be issued 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 dividend yield of 1.91%. Olin’s dividend payout ratio is presently 64.52%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Olin from $57.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets cut their target price on Olin from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 29th. Barclays cut their target price on Olin from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Bank of America cut Olin from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $62.00 to $51.00 in a research note on Monday, July 29th. Finally, Royal Bank of Canada dropped their price objective on Olin from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.86.

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.