Oil-Dri Corporation Of America (NYSE:ODC) VP Walter Wade Robey Sells 4,025 Shares of Stock

Oil-Dri Corporation Of America (NYSE:ODCGet Free Report) VP Walter Wade Robey sold 4,025 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $59.18, for a total value of $238,199.50. Following the completion of the sale, the vice president owned 25,000 shares of the company’s stock, valued at approximately $1,479,500. This trade represents a 13.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Oil-Dri Corporation Of America Trading Up 1.6%

NYSE ODC opened at $60.02 on Wednesday. Oil-Dri Corporation Of America has a fifty-two week low of $33.46 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.82 and a current ratio of 2.56. The stock has a 50 day simple moving average of $61.80 and a two-hundred day simple moving average of $55.41. The stock has a market cap of $878.84 million, a P/E ratio of 16.20 and a beta of 0.70.

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

Oil-Dri Corporation Of America Announces Dividend

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

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

ODC has been the subject of a number of research analyst reports. Wall Street Zen upgraded Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

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About Oil-Dri Corporation Of America

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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.

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