The Olin Co. (OLN) Position Held by Public Employees Retirement Association of Colorado

The Olin Co. (OLN) Position Held by Public Employees Retirement Association of Colorado

Other large investors also recently made changes to their positions in the company. Bollard Group LLC raised its position in shares of Olin by 0.6% in the first quarter. Bollard Group LLC now owns 3,180 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 19 shares during the period. Banced Corp purchased a new position in shares of Olin during the first quarter worth about $201,000. First Interstate Bank raised its position in shares of Olin by 1.6% in the fourth quarter. First Interstate Bank now owns 6,300 shares of the specialty chemicals company’s stock worth $161,000 after buying an additional 100 shares during the period. Sheets Smith Wealth Management purchased a new position in shares of Olin during the first quarter worth about $221,000. Finally, Naples Global Advisors LLC purchased a new position in shares of Olin during the first quarter worth about $224,000.

Public Employees Retirement Association of Colorado held its stake in shares of Olin Co. (NYSE:OLN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,811 shares of the specialty chemicals company’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in Olin were worth $1,046,000 as of its most recent SEC filing.

Shares of Olin Co. (NYSE:OLN) traded down 1.58% during trading on Friday, hitting $29.32. 2,550,616 shares of the company traded hands. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 102.16 and a beta of 1.32. The firm has a 50 day moving average price of $31.05 and a 200-day moving average price of $29.35. Olin Co. has a one year low of $18.24 and a one year high of $33.88.

Olin (NYSE:OLN) last announced its quarterly earnings results on Tuesday, May 2nd. The specialty chemicals company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.10. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.44 billion. Olin had a positive return on equity of 7.56% and a negative net margin of 0.07%. Analysts predict that Olin Co. will post $1.31 EPS for the current year. The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Monday, May 8th. Olin’s dividend payout ratio is currently -2,665.78%.

Several research analysts have weighed in on OLN shares. Cowen and Company upped their target price on shares of Olin from $32.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Zacks Investment Research upgraded shares of Olin from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, March 9th. Bank of America Corp started coverage on shares of Olin in a research report on Monday, May 8th. They set a “buy” rating and a $40.00 target price on the stock. Tudor Pickering began coverage on shares of Olin in a research report on Friday, May 12th. They set a “buy” rating and a $37.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price target on shares of Olin in a research report on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Olin has an average rating of “Buy” and a consensus price target of $32.86. Olin Company Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OLN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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