Oil-Dri Corporation Of America (NYSE:ODC) Stock Position Boosted by Foundry Partners LLC

Foundry Partners LLC lifted its holdings in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 67.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,895 shares of the specialty chemicals company's stock after purchasing an additional 24,929 shares during the period. Foundry Partners LLC owned about 0.42% of Oil-Dri Corporation Of America worth $2,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ODC. Forum Financial Management LP increased its holdings in shares of Oil-Dri Corporation Of America by 100.0% during the first quarter. Forum Financial Management LP now owns 13,030 shares of the specialty chemicals company's stock valued at $598,000 after acquiring an additional 6,515 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Oil-Dri Corporation Of America by 69.8% during the 1st quarter. Victory Capital Management Inc. now owns 45,486 shares of the specialty chemicals company's stock valued at $2,089,000 after acquiring an additional 18,693 shares during the period. Apollon Wealth Management LLC boosted its holdings in Oil-Dri Corporation Of America by 100.3% during the 1st quarter. Apollon Wealth Management LLC now owns 12,351 shares of the specialty chemicals company's stock valued at $567,000 after acquiring an additional 6,184 shares during the period. New York State Common Retirement Fund boosted its stake 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 buying an additional 2,041 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 buying an additional 49,312 shares during the period. Institutional investors own 49.01% of the company's stock.

Insider Activity at Oil-Dri Corporation Of America

In related news, Director Ellen-Blair Chube sold 2,500 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $55.83, for a total value of $139,575.00. Following the transaction, the director directly owned 9,320 shares of the company's stock, valued at approximately $520,335.60. This represents a 21.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher B. Lamson sold 2,500 shares of the company'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 owned 11,453 shares of the company's stock, valued at $707,222.75. This trade represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by company insiders.

Oil-Dri Corporation Of America Stock Up 0.4%

NYSE ODC traded up $0.26 during trading on Wednesday, hitting $60.77. 34,493 shares of the company traded hands, compared to its average volume of 42,825. Oil-Dri Corporation Of America has a 12 month low of $30.99 and a 12 month high of $63.82. The company has a current ratio of 2.83, a quick ratio of 1.85 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $889.73 million, a P/E ratio of 17.87 and a beta of 0.65. The business has a fifty day simple moving average of $55.00 and a 200 day simple moving average of $47.75.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. The company 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.18 dividend. This is a positive change from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. The ex-dividend date is Friday, August 8th. This represents a $0.72 annualized dividend and a yield of 1.18%. Oil-Dri Corporation Of America's dividend payout ratio (DPR) is 18.24%.

Analysts Set New Price Targets

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

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.