Hantz Financial Services Inc. Sells 16,095 Shares of Olin Co. (NYSE:OLN)

Hantz Financial Services Inc. trimmed its stake in shares of Olin Co. (NYSE:OLN) by 48.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,418 shares of the specialty chemicals company’s stock after selling 16,095 shares during the period. Hantz Financial Services Inc.’s holdings in Olin were worth $836,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. OLD National Bancorp IN lifted its holdings in shares of Olin by 4.2% in the second quarter. OLD National Bancorp IN now owns 6,343 shares of the specialty chemicals company’s stock valued at $299,000 after purchasing an additional 253 shares in the last quarter. Farther Finance Advisors LLC raised its position in Olin by 88.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 589 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 276 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Olin by 26.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,534 shares of the specialty chemicals company’s stock valued at $75,000 after acquiring an additional 318 shares in the last quarter. Scott & Selber Inc. boosted its position in Olin by 1.7% during the 2nd quarter. Scott & Selber Inc. now owns 19,206 shares of the specialty chemicals company’s stock worth $906,000 after acquiring an additional 326 shares during the last quarter. Finally, Entropy Technologies LP grew its stake in shares of Olin by 2.5% during the 3rd quarter. Entropy Technologies LP now owns 13,499 shares of the specialty chemicals company’s stock worth $648,000 after acquiring an additional 332 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on OLN shares. Mizuho began coverage on shares of Olin in a research report on Thursday, August 8th. They issued a “neutral” rating and a $45.00 price objective on the stock. Wells Fargo & Company cut their price target on shares of Olin from $48.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. KeyCorp reduced their price objective 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. Royal Bank of Canada lowered their target price on Olin from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, Piper Sandler reduced their price target on Olin from $57.00 to $51.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.86.

Olin Stock Performance

NYSE:OLN opened at $42.59 on Monday. 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 $4.97 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.72 and a beta of 1.43. Olin Co. has a twelve month low of $39.47 and a twelve month high of $60.60. The stock’s 50-day simple moving average is $44.41 and its 200 day simple moving average is $45.96.

Olin Dividend Announcement

The business also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 14th. Olin’s dividend payout ratio is 64.52%.

Insider Buying and Selling at Olin

In other news, VP R Nichole Sumner sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $43.75, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

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.