Olin Corporation (OLN) is a leading global manufacturer and distributor of a variety of chemical products and a leading producer of ammunition in North America. The company operates through three business segments: Chlor Alkali Products and Vinyls, Epoxies, and Winchester. Its vast product line includes Chlor Alkali Products, Chlorinated Organics, Epoxy Resins, Winchester Ammunition, and more, serving a diverse customer base across various markets worldwide.
Olin Corp was founded in 1892 and has its headquarters in Clayton, Missouri. The company has a robust distribution network spanning across more than 120 countries globally. As of 2021, the company's approximate net sales were more than $6.0 billion. Furthermore, the company employs around 6,500 total workforce, thereby contributing significantly to job creation.
The Chlor Alkali Products and Vinyls segment involves the production and marketing of chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide. This segment also includes the manufacturing and sales of vinyls, including ethylene dichloride, vinyl chloride monomers, and polyvinyl chloride.
The Epoxies segment focuses on the production and sale of a full suite of epoxy materials, including a wide range of industrial-grade standard, modified, and specialty epoxy resins. These materials are a critical component in a vast range of commercial, industrial and residential applications, including wind energy, civil engineering, and automotive industries.
The Winchester division, also known as Winchester Ammunition, is renowned for producing and selling sporting ammunition, small caliber military ammunition, and industrial cartridges. Its products are marketed under the brand names of Winchester and Browning.
Olin Corp (OLN) is publicly traded on the New York Stock Exchange and is a constituent of the S&P 600 Index. The company is known for its commitment to technology and innovation, constantly evolving and improving its manufacturing processes to deliver the highest quality products. Over the years, Olin Corp has displayed great resilience, weathering economic downturns and adapting to changing business environments.
Lastly, sustainability is at the forefront of Olin Corp's business strategy. The company is committed to responsible operations that respect the environment, focusing on energy efficiency, waste minimize, and promoting the well-being of their employees and communities. By continuously seeking opportunities to improve and innovate, Olin Corporation has carved out a leading position in the chemical industry and stands as a globally recognized brand.
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Argus has lowered its target price for Olin Corporation (OLN) stock to $14.00, with the company currently trading at $16.26. Olin Corp manufactures and sells various chemicals and chemical-based products, organized into three segments. The report also lists several related insider picks and other stock analyses.
Olin Corporation (NYSE:OLN) has declared a quarterly dividend of $0.20 per share, payable on September 11th to shareholders of record on August 27th, resulting in an annualized yield of approximately 4.3%. While its current dividend payout ratio is 41.5%, analysts project a future payout ratio of 160% due to expected earnings of $0.50 per share against an $0.80 annual dividend. Olin's shares recently fell 2.5% to $18.61, near a 12-month low, even as institutional investors like Amundi, UBS, and Dimensional Fund Advisors increased their holdings, collectively owning 88.67% of the company.
Wall Street Zen downgraded Olin (NYSE:OLN) from a "sell" to a "strong sell" rating. This comes as the broader analyst consensus for Olin is "Reduce" with an average price target of $23.08, and several firms recently lowered their price targets. Despite the negative outlook, institutional investors hold a significant portion of Olin's shares, with some major funds increasing their positions.
RBC Capital has lowered its price target for Olin stock (NYSE:OLN) to $20 from $24, maintaining a Sector Perform rating, due to weaker third-quarter guidance from the company. Olin's stock has plunged 15.4% recently, trading near its 52-week low, after missing second-quarter earnings and revenue estimates. Despite these challenges, InvestingPro analysis suggests the stock may be undervalued at current levels.