Key Points
- Insider sale: Oil-Dri VP Christopher Lamson sold 7,000 shares for approximately $561,890, reducing his direct ownership by 61.12% to 4,453 shares.
- Stock performance: ODC shares fell $5.71 to $75.29, compared with a 52-week range of $45.61 to $107.00. The company reported quarterly EPS of $1.00 on revenue of $129.29 million.
- Dividend and outlook: Oil-Dri declared a quarterly dividend of $0.225 per share, or $0.90 annualized, yielding about 1.2%. Analysts maintain a consensus “Buy” rating, while institutional investors own 49.01% of the stock.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) Director Amy Ryan sold 1,100 shares of the business's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $78.80, for a total value of $86,680.00. Following the completion of the sale, the director directly owned 2,800 shares in the company, valued at $220,640. This represents a 28.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Oil-Dri Corporation Of America Price Performance
Shares of Oil-Dri Corporation Of America stock traded down $5.71 during trading on Friday, hitting $75.29. The stock had a trading volume of 137,344 shares, compared to its average volume of 142,518. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.07 and a quick ratio of 2.28. The firm has a market cap of $1.09 billion, a P/E ratio of 18.82 and a beta of 0.76. The business has a fifty day moving average of $88.56 and a two-hundred day moving average of $86.68. Oil-Dri Corporation Of America has a fifty-two week low of $45.61 and a fifty-two week high of $107.00.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last announced its earnings results on Thursday, October 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. The business had revenue of $129.29 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 20.31% and a net margin of 11.54%.
Oil-Dri Corporation Of America Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a $0.2250 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 6th. Oil-Dri Corporation Of America's dividend payout ratio is presently 22.50%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on ODC shares. Wall Street Zen lowered shares of 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 report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Oil-Dri Corporation Of America presently has an average rating of "Buy".
Get Our Latest Stock Report on ODC
Institutional Investors Weigh In On Oil-Dri Corporation Of America
A number of institutional investors and hedge funds have recently modified their holdings of ODC. Integrated Wealth Concepts LLC acquired a new stake in shares of Oil-Dri Corporation Of America during the 2nd quarter valued at $244,000. Arizona State Retirement System acquired a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth $246,000. HighTower Advisors LLC grew its holdings 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. Susquehanna International Group LLP raised its position in shares of Oil-Dri Corporation Of America by 69.5% during the second quarter. Susquehanna International Group LLP now owns 6,550 shares of the specialty chemicals company's stock worth $669,000 after purchasing an additional 2,686 shares during the period. Finally, Sheets Smith Wealth Management raised its position in shares of Oil-Dri Corporation Of America by 2.2% during the second quarter. Sheets Smith Wealth Management now owns 8,911 shares of the specialty chemicals company's stock worth $911,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 49.01% of the company's stock.
Oil-Dri Corporation Of America Company Profile
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Get Free Report)
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.
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