Charles Schwab Investment Management Inc. Purchases 14,740 Shares of Oil-Dri Corporation Of America $ODC

Key Points

• Charles Schwab Investment Management Inc. boosted its stake in Oil-Dri Corporation Of America by 108.3%, acquiring an additional 14,740 shares during the first quarter, bringing their total ownership to approximately 0.19% of the company.
• Oil-Dri Corporation recently announced a dividend increase to $0.18 per share, up from $0.16, resulting in an annualized dividend of $0.72 and a dividend yield of 1.2%.
• The company's stock has shown positive performance with a 0.4% increase, trading at $59.32, while the market capitalization stands at $868.50 million.

Charles Schwab Investment Management Inc. increased its position in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 108.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,353 shares of the specialty chemicals company's stock after purchasing an additional 14,740 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.19% of Oil-Dri Corporation Of America worth $1,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont increased its holdings in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 300 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Oil-Dri Corporation Of America by 98.0% in 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 acquiring an additional 441 shares during the period. GAMMA Investing LLC increased its holdings in shares of Oil-Dri Corporation Of America by 9,083.3% in the 1st quarter. GAMMA Investing LLC now owns 2,755 shares of the specialty chemicals company's stock valued at $127,000 after acquiring an additional 2,725 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Oil-Dri Corporation Of America in the 1st quarter valued at $131,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. New York State Common Retirement Fund now owns 4,082 shares of the specialty chemicals company's stock valued at $187,000 after acquiring an additional 2,041 shares during the period. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

Oil-Dri Corporation Of America Stock Up 0.4%

Oil-Dri Corporation Of America stock opened at $59.32 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. The stock has a market capitalization of $868.50 million, a price-to-earnings ratio of 17.45 and a beta of 0.69. Oil-Dri Corporation Of America has a 1-year low of $32.06 and a 1-year high of $63.82. The business has a fifty day moving average price of $58.90 and a 200-day moving average price of $51.13.

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

Oil-Dri Corporation Of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. This is a positive change from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. Oil-Dri Corporation Of America's payout ratio is 21.18%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 22nd.

Insider Transactions at Oil-Dri Corporation Of America

In other news, Director Amy Ryan sold 1,000 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total value of $60,620.00. Following the completion of the sale, the director owned 2,900 shares of the company's stock, valued at $175,798. This trade represents a 25.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher B. Lamson sold 2,500 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $61.75, for a total value of $154,375.00. Following the completion of the sale, the vice president directly owned 11,453 shares of the company's stock, valued at $707,222.75. The trade was a 17.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,000 shares of company stock valued at $354,570 in the last quarter. 11.66% of the stock is currently owned by corporate insiders.

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.

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