Olin Corporation (NYSE:OLN) is expected to pay $0.20 on Dec 9, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Olin Corporation’s current price of $21.30, the dividend is 0.94%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 27, 2016. The stock decreased 0.42% or $0.09 on November 4, hitting $21.3. Olin Corporation (NYSE:OLN) has risen 26.26% since April 5, 2016 and is uptrending. It has outperformed by 24.30% the S&P500.
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The company has a market cap of $3.52 billion. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. It currently has negative earnings. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrogen, bleach products and potassium hydroxide.
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.44, from 1.46 in 2016Q1. The ratio dived, as 41 funds sold all Olin Corporation shares owned while 83 reduced positions. 42 funds bought stakes while 84 increased positions. They now own 167.03 million shares or 9.36% more from 152.73 million shares in 2016Q1.
Hutchin Hill Cap L P accumulated 0.08% or 100,000 shares. Arizona State Retirement Sys last reported 64,531 shares in the company. Deprince Race & Zollo holds 0.93% of its portfolio in Olin Corporation (NYSE:OLN) for 1.85 million shares. Kbc Gru Nv has invested 0% of its portfolio in Olin Corporation (NYSE:OLN). Metropolitan Life Ins Ny has 268,971 shares for 0.05% of their US portfolio. Blackrock Inv Mgmt Lc has 1.15M shares for 0.04% of their US portfolio. Hanson And Doremus Inv has 0.03% invested in the company for 2,728 shares. State Board Of Administration Of Florida Retirement last reported 89,262 shares in the company. Next Finance Gru Inc owns 1,305 shares or 0.01% of their US portfolio. Moreover, 1492 Capital Mngmt Ltd Limited Liability Company has 3.2% invested in Olin Corporation (NYSE:OLN) for 143,506 shares. Foundation Asset Limited Partnership holds 4.08% or 492,969 shares in its portfolio. South Dakota Investment Council owns 413,300 shares or 0.23% of their US portfolio. Moreover, Waratah Capital Advsrs Limited has 1.37% invested in Olin Corporation (NYSE:OLN) for 268,830 shares. Baupost Group Limited Liability Company Ma last reported 3.62% of its portfolio in the stock. Howard Hughes Institute owns 7,178 shares or 0.06% of their US portfolio.
Insider Transactions: Since August 23, 2016, the stock had 0 insider purchases, and 1 sale for $215,943 net activity. The insider MCINTOSH JOHN L sold $215,943.
Olin Corporation (NYSE:OLN) Ratings Coverage
Out of 6 analysts covering Olin Corporation (NYSE:OLN), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Olin Corporation has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the shares of OLN in a report on Monday, September 21 with “Market Perform” rating. The stock has “Outperform” rating given by RBC Capital Markets on Friday, July 22. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, September 8. The firm earned “Buy” rating on Thursday, February 4 by Monness Crespi. The firm has “Outperform” rating given on Friday, October 30 by RBC Capital Markets. As per Friday, July 29, the company rating was maintained by Cowen & Co. RBC Capital Markets maintained it with “Outperform” rating and $28 target price in Monday, June 13 report. The stock has “Buy” rating given by Nomura on Thursday, January 7. The rating was downgraded by Longbow to “Underperform” on Wednesday, September 7. UBS upgraded Olin Corporation (NYSE:OLN) on Wednesday, September 2 to “Neutral” rating.
Another recent and important Olin Corporation (NYSE:OLN) news was published by Prnewswire.com which published an article titled: “Olin Declares 360th Consecutive Quarterly Dividend” on October 27, 2016.
OLN Company Profile
Olin Corporation, incorporated on August 13, 1892, is a maker and distributor of chemical products, and ammunition. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment makes 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. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products, such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
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