Oil-Dri Corporation Of America (NYSE:ODC) Shares Cross Above 200-Day Moving Average – Time to Sell?

Oil-Dri Corporation Of America (NYSE:ODC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $54.65 and traded as high as $66.41. Oil-Dri Corporation Of America shares last traded at $64.84, with a volume of 114,169 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on ODC. Wall Street Zen upgraded shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Oil-Dri Corporation Of America has an average rating of “Buy”.

Oil-Dri Corporation Of America Trading Up 8.3%

The firm’s 50-day moving average price is $61.51 and its 200-day moving average price is $54.65. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The company has a market cap of $949.32 million, a P/E ratio of 17.50 and a beta of 0.70.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The business had revenue of $125.21 million for the quarter. Oil-Dri Corporation Of America had a net margin of 11.12% and a return on equity of 22.92%.

Oil-Dri Corporation Of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 7th. Oil-Dri Corporation Of America’s dividend payout ratio is 21.18%.

Insider Buying and Selling

In related news, VP Christopher B. Lamson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $61.75, for a total transaction of $154,375.00. Following the sale, the vice president owned 11,453 shares of the company’s stock, valued at approximately $707,222.75. This represents a 17.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy Ryan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total transaction of $60,620.00. Following the sale, the director directly owned 2,900 shares in the company, valued at $175,798. This trade represents a 25.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.66% of the company’s stock.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in Oil-Dri Corporation Of America by 57.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 183 shares in the last quarter. Trust Co. of Vermont grew its stake in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 300 shares in the last quarter. MAI Capital Management grew its stake in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 300 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Oil-Dri Corporation Of America in the 2nd quarter worth approximately $45,000. Finally, New York State Teachers Retirement System grew its stake in Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.