Analysts Are Upgrading These 5 Value Stocks

2. Olin Corporation (NYSE:OLN)

Number of Hedge Fund Holders: 46

P/E Ratio as of March 14: 6.49

Olin Corporation (NYSE:OLN) is a New York-based manufacturer of chemical and metal products, such as copper alloys, ammunition, chlorine, sodium hydroxide, epoxies, vinyls, and hydrochloric acid. 

KeyBanc analyst Aleksey Yefremov upgraded Olin Corporation (NYSE:OLN) on March 14 to Overweight from Sector Weight with a $64 price target. According to the analyst, the recent hike in global energy prices is favorable for Olin Corporation (NYSE:OLN), both in the short and long-term. He also believes that the long-term chlor-alkali costs will be higher in Europe as a consequence of the war, which will benefit businesses like Olin Corporation (NYSE:OLN).

On February 25, Olin Corporation (NYSE:OLN) declared a quarterly dividend of $0.20 per share, which was paid on March 11, to shareholders of record on March 4. The stock yields 1.60% as of March 14. 

A total of 46 hedge funds disclosed bullish positions in Olin Corporation (NYSE:OLN) at the end of December 2021, up from 43 funds in the earlier quarter. Sachem Head Capital is the leading shareholder of the company, with a $687.3 million stake.