Oil-Dri Corporation Of America (NYSE:ODC) Director Amy Ryan Sells 1,100 Shares of Stock

Oil-Dri Corporation Of America (NYSE:ODC) Director Amy Ryan sold 1,100 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $78.80, for a total value of $86,680.00. Following the completion of the transaction, the director owned 2,800 shares of the company’s stock, valued at approximately $220,640. The trade was a 28.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Oil-Dri Corporation Of America Stock Performance

ODC stock traded down $5.71 during mid-day trading on Friday, reaching $75.29. The company had a trading volume of 137,344 shares, compared to its average volume of 142,518. Oil-Dri Corporation Of America has a one year low of $45.61 and a one year high of $107.00. The stock has a market capitalization of $1.09 billion, a P/E ratio of 18.82 and a beta of 0.76. The company has a quick ratio of 2.28, a current ratio of 3.07 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $88.56 and its two-hundred day simple moving average is $86.68.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings data on Thursday, October 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. The business had revenue of $129.29 million for the quarter. Oil-Dri Corporation Of America had a net margin of 11.54% and a return on equity of 20.31%.

Oil-Dri Corporation Of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a $0.2250 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.90 annualized dividend and a dividend yield of 1.2%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 22.50%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, July 29th. Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in Oil-Dri Corporation Of America during the 2nd quarter valued at about $244,000. Arizona State Retirement System bought a new stake in shares of Oil-Dri Corporation Of America during the 2nd quarter worth about $246,000. HighTower Advisors LLC raised its position in shares of Oil-Dri Corporation Of America by 5.0% during the 2nd quarter. HighTower Advisors LLC now owns 3,847 shares of the specialty chemicals company’s stock worth $393,000 after buying an additional 184 shares in the last quarter. Susquehanna International Group LLP lifted its stake in shares of Oil-Dri Corporation Of America by 69.5% in the 2nd quarter. Susquehanna International Group LLP now owns 6,550 shares of the specialty chemicals company’s stock worth $669,000 after acquiring an additional 2,686 shares during the period. Finally, Sheets Smith Wealth Management lifted its stake in shares of Oil-Dri Corporation Of America by 2.2% in the 2nd quarter. Sheets Smith Wealth Management now owns 8,911 shares of the specialty chemicals company’s stock worth $911,000 after acquiring an additional 195 shares during the period. 49.01% of the stock is currently owned by institutional investors.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America develops, manufactures and markets mineral-based products designed to absorb, filter and control liquids and odors. The company serves consumer, industrial, agricultural and specialty markets, using products such as fuller’s earth and other absorbent minerals in a range of applications.

Its consumer products include cat litter and related animal-care products sold under brands such as Cat’s Pride and Jonny Cat. Oil-Dri also supplies absorbent products for industrial and commercial uses, including spill cleanup, oil and grease absorption, moisture control, filtration, sports-field maintenance and other specialized applications.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois.