Insider Selling: Oil-Dri Corporation Of America (NYSE:ODC) Director Sells $86,680.00 in Stock

Key Points

• Director Amy Ryan sold 1,100 Oil-Dri shares at an average price of $78.80, generating $86,680 and reducing her holdings by 28.21% to 2,800 shares.
• ODC shares fell 7.0% to $75.29 during Friday trading. The company recently reported quarterly EPS of $1.00 on revenue of $129.29 million.
• Oil-Dri declared a quarterly dividend of $0.225 per share, equivalent to $0.90 annually and a 1.2% yield; analysts maintain a consensus “Buy” rating.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) Director Amy Ryan sold 1,100 shares of the company's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $78.80, for a total transaction of $86,680.00. Following the completion of the transaction, the director owned 2,800 shares in the company, valued at approximately $220,640. This represents a 28.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Oil-Dri Corporation Of America Stock Down 7.0%

ODC stock traded down $5.71 during midday trading on Friday, reaching $75.29. The company had a trading volume of 137,344 shares, compared to its average volume of 96,755. Oil-Dri Corporation Of America has a 1 year low of $45.61 and a 1 year high of $107.00. The company has a current ratio of 3.07, a quick ratio of 2.28 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.09 billion, a P/E ratio of 18.82 and a beta of 0.76. The company has a 50 day moving average of $88.91 and a two-hundred day moving average of $86.76.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last issued its earnings results on Thursday, October 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a net margin of 11.54% and a return on equity of 20.31%. The company had revenue of $129.29 million during the quarter.

Oil-Dri Corporation Of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be issued a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 6th. Oil-Dri Corporation Of America's dividend payout ratio (DPR) is currently 22.50%.

Analysts Set New Price Targets

ODC has been the topic of a number of recent research reports. Wall Street Zen downgraded Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Hedge Funds Weigh In On Oil-Dri Corporation Of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Oil-Dri Corporation Of America in the second quarter valued at approximately $84,762,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Oil-Dri Corporation Of America in the second quarter worth approximately $11,267,000. Bard Associates Inc. acquired a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth $10,071,000. Bank of New York Mellon Corp acquired a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth $9,575,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Oil-Dri Corporation Of America by 17.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 85,264 shares of the specialty chemicals company's stock worth $5,550,000 after purchasing an additional 12,462 shares during the last quarter. Institutional investors own 49.01% of the company's stock.

Oil-Dri Corporation Of America Company Profile

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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