International Assets Investment Management LLC Purchases 9,396 Shares of Olin Co. (NYSE:OLN)

International Assets Investment Management LLC increased its position in shares of Olin Co. (NYSE:OLN) by 4,698.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,596 shares of the specialty chemicals company’s stock after acquiring an additional 9,396 shares during the period. International Assets Investment Management LLC’s holdings in Olin were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners increased its holdings in shares of Olin by 7.7% in the 1st quarter. Boston Partners now owns 5,414,265 shares of the specialty chemicals company’s stock worth $317,897,000 after buying an additional 384,888 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Olin by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,741,007 shares of the specialty chemicals company’s stock worth $176,396,000 after buying an additional 194,755 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Olin by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,373,519 shares of the specialty chemicals company’s stock worth $64,761,000 after buying an additional 33,143 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Olin by 2.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,061,001 shares of the specialty chemicals company’s stock worth $50,907,000 after buying an additional 25,163 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Olin by 4.8% in the 1st quarter. Clearbridge Investments LLC now owns 777,658 shares of the specialty chemicals company’s stock worth $45,726,000 after buying an additional 35,637 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Olin Trading Down 0.5 %

Shares of OLN opened at $41.76 on Wednesday. The firm has a fifty day simple moving average of $44.47 and a two-hundred day simple moving average of $47.45. Olin Co. has a twelve month low of $39.47 and a twelve month high of $60.60. 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 stock has a market capitalization of $4.87 billion, a P/E ratio of 33.68, a PEG ratio of 1.65 and a beta of 1.43.

Olin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be given a $0.20 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.92%. Olin’s dividend payout ratio is 64.52%.

Analysts Set New Price Targets

OLN has been the topic of a number of research analyst reports. UBS Group decreased their price target on shares of Olin from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. BMO Capital Markets reduced their target price on shares of Olin from $50.00 to $47.00 and set a “market perform” rating on the stock in a report on Tuesday, October 29th. Mizuho began coverage on shares of Olin in a report on Thursday, August 8th. They set a “neutral” rating and a $45.00 target price on the stock. JPMorgan Chase & Co. raised shares of Olin from a “neutral” rating to an “overweight” rating and set a $55.00 target price on the stock in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Olin from $57.00 to $48.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.