Key Points
- Director Ellen‑Blair Chube sold 1,390 shares on April 22 at an average price of $73.06 for total proceeds of $101,553.40, leaving her with 8,930 shares (a 13.47% reduction in her position).
- Company announced a quarterly dividend of $0.205 per share (annualized $0.82), with an ex‑dividend date of May 8 and payable May 22, implying a yield of about 1.1%.
- Shares opened at $71.63, trading in a 52‑week range of $41.37–$74.28 with a market cap around $1.04B and a P/E of 19.4, and Weiss Ratings recently reaffirmed a "Buy (b-)" making the consensus rating "Buy."
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) Director Ellen-Blair Chube sold 1,390 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total transaction of $101,553.40. Following the completion of the transaction, the director owned 8,930 shares of the company's stock, valued at $652,425.80. This represents a 13.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Oil-Dri Corporation Of America Stock Down 0.8%
Shares of Oil-Dri Corporation Of America stock opened at $71.63 on Thursday. Oil-Dri Corporation Of America has a 52-week low of $41.37 and a 52-week high of $74.28. The company has a 50 day moving average of $66.21 and a 200 day moving average of $59.32. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.04 billion, a P/E ratio of 19.41 and a beta of 0.79.
Oil-Dri Corporation Of America Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th. Oil-Dri Corporation Of America's dividend payout ratio is currently 22.22%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Oil-Dri Corporation Of America in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Oil-Dri Corporation Of America presently has an average rating of "Buy".
Get Our Latest Stock Analysis on ODC
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in shares of 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 valued at $30,000 after buying an additional 183 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at $45,000. Legal & General Group Plc grew its position in shares of Oil-Dri Corporation Of America by 20.1% in the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company's stock valued at $63,000 after buying an additional 178 shares during the last quarter. Copeland Capital Management LLC purchased a new position in shares of Oil-Dri Corporation Of America in the 3rd quarter valued at $67,000. Finally, State of Alaska Department of Revenue grew its position in shares of Oil-Dri Corporation Of America by 361.7% in the 4th quarter. State of Alaska Department of Revenue now owns 1,879 shares of the specialty chemicals company's stock valued at $91,000 after buying an additional 1,472 shares during the last quarter. 49.01% of the stock is owned by hedge funds and other institutional investors.
Oil-Dri Corporation Of America Company Profile
(
Get Free Report)
Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.
Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
