Crossmark Global Holdings Inc. Has $335,000 Stock Position in Olin Co. (NYSE:OLN)

Crossmark Global Holdings Inc. cut its stake in Olin Co. (NYSE:OLN) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,999 shares of the specialty chemicals company’s stock after selling 249 shares during the period. Crossmark Global Holdings Inc.’s holdings in Olin were worth $335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in Olin by 344.3% during the second quarter. Harbor Capital Advisors Inc. now owns 40,760 shares of the specialty chemicals company’s stock worth $1,922,000 after acquiring an additional 31,587 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Olin by 1,220.6% during the 2nd quarter. SG Americas Securities LLC now owns 50,050 shares of the specialty chemicals company’s stock valued at $2,360,000 after purchasing an additional 46,260 shares during the last quarter. Clearbridge Investments LLC grew its stake in Olin by 4.8% during the first 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. LRI Investments LLC bought a new stake in Olin during the first quarter worth about $28,000. Finally, Seven Eight Capital LP raised its stake in shares of Olin by 111.4% in the first quarter. Seven Eight Capital LP now owns 20,416 shares of the specialty chemicals company’s stock valued at $1,200,000 after acquiring an additional 10,760 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling at Olin

In other Olin news, VP R Nichole Sumner sold 10,500 shares of Olin stock in a transaction on Friday, November 8th. The shares were sold at an average price of $43.75, for a total value of $459,375.00. Following the sale, the vice president now directly owns 24,056 shares in the company, valued at approximately $1,052,450. The trade was a 30.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Olin Stock Performance

OLN opened at $41.39 on Monday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 1.68 and a beta of 1.43. The business’s 50-day moving average price is $44.50 and its two-hundred day moving average price is $46.92. Olin Co. has a 1 year low of $39.47 and a 1 year high of $60.60. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.40 and a quick ratio of 0.82.

Olin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, November 14th. Olin’s payout ratio is 64.52%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OLN shares. BMO Capital Markets decreased their price target on Olin from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 29th. Mizuho assumed coverage on Olin in a research note on Thursday, August 8th. They issued a “neutral” rating and a $45.00 target price for the company. Bank of America downgraded shares of Olin from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $62.00 to $51.00 in a research report on Monday, July 29th. JPMorgan Chase & Co. upgraded shares of Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price objective for the company in a research report on Monday, July 29th. Finally, Wells Fargo & Company reduced their target price 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. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.86.

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.