Cardinal Capital Management Boosts Stake in Oil-Dri Corporation Of America (NYSE:ODC)

Cardinal Capital Management raised its stake in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 99.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,433 shares of the specialty chemicals company's stock after buying an additional 47,683 shares during the period. Cardinal Capital Management owned about 0.65% of Oil-Dri Corporation Of America worth $4,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Oil-Dri Corporation Of America by 17.8% during the fourth quarter. Victory Capital Management Inc. now owns 26,793 shares of the specialty chemicals company's stock valued at $2,348,000 after acquiring an additional 4,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Oil-Dri Corporation Of America by 18.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company's stock worth $570,000 after purchasing an additional 1,000 shares during the period. Royce & Associates LP raised its position in Oil-Dri Corporation Of America by 2.5% during the 4th quarter. Royce & Associates LP now owns 166,000 shares of the specialty chemicals company's stock valued at $14,548,000 after purchasing an additional 4,000 shares in the last quarter. American Century Companies Inc. raised its position in Oil-Dri Corporation Of America by 11.5% during the 4th quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company's stock valued at $12,816,000 after purchasing an additional 15,041 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Oil-Dri Corporation Of America in the 4th quarter worth $235,000. 49.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 3,500 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $42.51, for a total value of $148,785.00. Following the completion of the transaction, the director now directly owns 11,820 shares in the company, valued at approximately $502,468.20. The trade was a 22.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.66% of the company's stock.

Oil-Dri Corporation Of America Stock Up 1.4%

Oil-Dri Corporation Of America stock traded up $0.77 during midday trading on Friday, hitting $57.11. 120,605 shares of the company's stock were exchanged, compared to its average volume of 41,754. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83. The company has a market cap of $836.09 million, a PE ratio of 16.80 and a beta of 0.62. The firm has a 50-day moving average of $47.96 and a two-hundred day moving average of $43.06. Oil-Dri Corporation Of America has a 12 month low of $29.47 and a 12 month high of $60.32.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%. The firm had revenue of $115.50 million during the quarter.

Oil-Dri Corporation Of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, August 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. Oil-Dri Corporation Of America's dividend payout ratio is currently 18.24%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Oil-Dri Corporation Of America from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th.

Oil-Dri Corporation Of America Profile

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.