Oil-Dri Corporation Of America (NYSE:ODC) VP Sells 7,000 Shares of Stock

Oil-Dri Corporation Of America (NYSE:ODC) VP Christopher Lamson sold 7,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $80.27, for a total value of $561,890.00. Following the completion of the transaction, the vice president owned 4,453 shares of the company’s stock, valued at approximately $357,442.31. The trade was a 61.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Oil-Dri Corporation Of America Stock Performance

Shares of Oil-Dri Corporation Of America stock traded down $5.71 on Friday, reaching $75.29. 137,344 shares of the stock were exchanged, compared to its average volume of 96,755. The company has a quick ratio of 2.28, a current ratio of 3.07 and a debt-to-equity ratio of 0.13. Oil-Dri Corporation Of America has a twelve month low of $45.61 and a twelve month high of $107.00. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.82 and a beta of 0.76. The business has a 50 day moving average price of $88.91 and a two-hundred day moving average price of $86.76.

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

Oil-Dri Corporation Of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.2250 per share. The ex-dividend date is Friday, November 6th. This represents a $0.90 dividend on an annualized basis and a yield of 1.2%. Oil-Dri Corporation Of America’s payout ratio is currently 22.50%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ODC. HighTower Advisors LLC increased its stake in shares of Oil-Dri Corporation Of America by 5.0% in the 2nd quarter. HighTower Advisors LLC now owns 3,847 shares of the specialty chemicals company’s stock worth $393,000 after acquiring an additional 184 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in shares of Oil-Dri Corporation Of America by 2.2% during 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. Trust Co. of Vermont purchased a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth $61,000. Fifth Third Bancorp acquired a new position in shares of Oil-Dri Corporation Of America during the 1st quarter valued at about $54,000. Finally, Quantinno Capital Management LP boosted its position in shares of Oil-Dri Corporation Of America by 16.4% during the 1st quarter. Quantinno Capital Management LP now owns 8,944 shares of the specialty chemicals company’s stock valued at $582,000 after acquiring an additional 1,259 shares during the last quarter. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.