5 Best Prison And Law Enforcement Stocks To Buy Now

3. Olin Corporation (NYSE:OLN)

Number of Hedge Fund Holders: 32 

Olin Corporation (NYSE:OLN) manufactures and distributes chemical products. On December 13, investment advisory Citi maintained a Buy rating on Olin Corporation (NYSE:OLN) stock and raised the price target to $59 from $50. 

At the end of the third quarter of 2023, 32 hedge funds in the database of Insider Monkey held stakes worth $562 million in Olin Corporation (NYSE:OLN), compared to 41 in the preceding quarter worth $676 million. 

In its Q3 2023 investor letter, Madison Investments, an asset management firm, highlighted a few stocks and Olin Corporation (NYSE:OLN) was one of them. Here is what the fund said:

“We exited Chemours Co on the strength of its year-to-date performance and the growing export of chloride-based titanium dioxide from China. Weaker economic growth in China, combined with increased capacity, is a headwind for European and North American pricing. We used these funds to increase our position in Olin Corporation (NYSE:OLN), which pulled back on the retirement of the company’s CEO. We believe Olin’s strategy remains intact and the valuation of the company is attractive.”