Citigroup set a $40.00 price target on Olin (NYSE:OLN) in a report published on Monday morning. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

A number of other analysts have also recently issued reports on OLN. Zacks Investment Research upgraded Olin from a sell rating to a hold rating in a research report on Tuesday, October 17th. TheStreet upgraded Olin from a c+ rating to a b rating in a research report on Tuesday, October 31st. SunTrust Banks restated a buy rating and set a $46.00 price objective on shares of Olin in a research report on Monday, November 6th. Royal Bank of Canada restated a buy rating and set a $42.00 price objective on shares of Olin in a research report on Thursday, December 14th. Finally, Vertical Research upgraded Olin from a hold rating to a buy rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $39.80.

Olin (NYSE:OLN) opened at $32.72 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $5,392.32, a P/E ratio of 37.97, a price-to-earnings-growth ratio of 1.03 and a beta of 1.36. Olin has a 1 year low of $27.79 and a 1 year high of $38.84.

Olin (NYSE:OLN) last issued its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $2.45. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.53 billion. Olin had a return on equity of 6.02% and a net margin of 8.77%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. equities analysts anticipate that Olin will post 2.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, February 8th. Olin’s dividend payout ratio is 24.69%.

In related news, Director Randall W. Larrimore purchased 800 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $31.28 per share, with a total value of $25,024.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in OLN. Nomura Holdings Inc. acquired a new stake in Olin in the 2nd quarter valued at $396,000. Sterling Capital Management LLC acquired a new stake in Olin in the 2nd quarter valued at $778,000. Public Employees Retirement System of Ohio boosted its stake in Olin by 766.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 83,115 shares of the specialty chemicals company’s stock valued at $2,517,000 after buying an additional 73,522 shares in the last quarter. Shell Asset Management Co. acquired a new stake in Olin in the 3rd quarter valued at $1,793,000. Finally, Mutual of America Capital Management LLC boosted its stake in Olin by 2.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 134,607 shares of the specialty chemicals company’s stock valued at $4,610,000 after buying an additional 2,619 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.

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About Olin

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.

Analyst Recommendations for Olin (NYSE:OLN)

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