Laura Scheland Sells 850 Shares of Oil-Dri Corporation Of America (NYSE:ODC) Stock

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

Oil-Dri Corporation Of America Trading Down 2.4%

NYSE ODC opened at $59.70 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.82. The firm’s fifty day moving average price is $61.79 and its 200 day moving average price is $55.78. The company has a market capitalization of $873.93 million, a price-to-earnings ratio of 16.11 and a beta of 0.70. Oil-Dri Corporation Of America has a 12 month low of $33.46 and a 12 month high of $69.75.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 EPS for the quarter. The firm 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 22.36%.

Oil-Dri Corporation Of America Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ODC shares. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, October 8th. 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, October 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Oil-Dri Corporation Of America by 87.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the specialty chemicals company’s stock worth $775,000 after buying an additional 7,863 shares in the last quarter. Informed Momentum Co LLC acquired a new position in shares of Oil-Dri Corporation Of America during the first quarter worth $915,000. 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Oil-Dri Corporation Of America by 103.3% during the first quarter. Bank of New York Mellon Corp now owns 97,052 shares of the specialty chemicals company’s stock worth $4,457,000 after purchasing an additional 49,312 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Oil-Dri Corporation Of America by 94.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,567 shares of the specialty chemicals company’s stock worth $807,000 after buying an additional 8,542 shares during the last quarter. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

About Oil-Dri Corporation Of America

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.