Does Olin Corporation (OLN) Have a Long-Term Growth Potential?

ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. The strategy outperformed the Russell 2000 Index in the fourth quarter. The strategy gained in eight of the eleven sectors it was invested in the quarter on an absolute basis. Industrials, IT, and financial sectors were the leading contributors while healthcare detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge Small Cap Strategy highlighted stocks like Olin Corporation (NYSE:OLN) in the Q4 2022 investor letter. Headquartered in Clayton, Missouri, Olin Corporation (NYSE:OLN) is a chemical products manufacturer. On February 27, 2023, Olin Corporation (NYSE:OLN) stock closed at $59.68 per share. One-month return of Olin Corporation (NYSE:OLN) was -7.60%, and its shares gained 22.60% of their value over the last 52 weeks. Olin Corporation (NYSE:OLN) has a market capitalization of $7.855 billion.

ClearBridge Small Cap Strategy made the following comment about Olin Corporation (NYSE:OLN) in its Q4 2022 investor letter:

“Olin Corporation (NYSE:OLN) is the largest provider of merchant chlorine; the company’s new CEO has strategically wound down capacity in order to improve pricing power and reduce the cyclicality of its business. We believe this new strategic direction for Olin will continue to create value for investors and we have high conviction in the company’s long-term potential.”

Olin Corporation (NYSE:OLN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Olin Corporation (NYSE:OLN) at the end of the fourth quarter which was 44 in the previous quarter.

We discussed Olin Corporation (NYSE:OLN) in another article and shared the list of best materials stocks to invest in. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.