Oil-Dri Corporation Of America (NYSE:ODC) VP Sells $51,255.00 in Stock

Oil-Dri Corporation Of America (NYSE:ODC) VP Laura Scheland sold 850 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $60.30, for a total value of $51,255.00. Following the sale, the vice president owned 39,900 shares of the company’s stock, valued at approximately $2,405,970. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Oil-Dri Corporation Of America Trading Down 2.4%

ODC stock opened at $59.70 on Monday. The company has a market cap of $873.93 million, a price-to-earnings ratio of 16.11 and a beta of 0.70. The company has a quick ratio of 1.82, a current ratio of 2.56 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $61.79 and a 200-day simple moving average of $55.87. Oil-Dri Corporation Of America has a 52 week low of $33.46 and a 52 week high of $69.75.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings data on Thursday, October 9th. The specialty chemicals company reported $0.89 EPS for the quarter. The business had revenue of $125.21 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 22.36% and a net margin of 11.12%.

Oil-Dri Corporation Of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 7th. Oil-Dri Corporation Of America’s dividend payout ratio is currently 19.46%.

Institutional Trading of Oil-Dri Corporation Of America

Several large investors have recently modified their holdings of ODC. Trust Co. of Vermont grew its stake in shares of Oil-Dri Corporation Of America by 100.0% during the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. MAI Capital Management lifted its position in shares of Oil-Dri Corporation Of America by 100.0% during the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Oil-Dri Corporation Of America by 57.4% during the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 183 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Oil-Dri Corporation Of America by 98.0% during the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 441 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Oil-Dri Corporation Of America during the second quarter worth about $45,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ODC. Wall Street Zen upgraded Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Oil-Dri Corporation Of America currently has an average rating of “Buy”.

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.