Insider Selling: Oil-Dri Corporation Of America (NYSE:ODC) VP Sells 7,000 Shares of Company Stock

Key Points

• Oil-Dri VP Christopher Lamson sold 7,000 shares at an average price of $80.27, generating $561,890 and reducing his direct ownership by 61.12% to 4,453 shares.
• ODC shares fell 7.0% to $75.29 in Friday trading. The company reported quarterly EPS of $1.00 on revenue of $129.29 million and has a market capitalization of approximately $1.09 billion.
• 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, while institutional investors own 49.01% of the stock.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) VP Christopher Lamson sold 7,000 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $80.27, for a total transaction of $561,890.00. Following the completion of the transaction, the vice president directly owned 4,453 shares in the company, valued at approximately $357,442.31. The trade was a 61.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Oil-Dri Corporation Of America Stock Down 7.0%

Shares of NYSE ODC traded down $5.71 during trading hours on Friday, hitting $75.29. 137,344 shares of the stock were exchanged, compared to its average volume of 96,755. The company has a quick ratio of 2.28, a current ratio of 3.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $1.09 billion, a PE ratio of 18.82 and a beta of 0.76. The firm has a fifty day moving average price of $88.91 and a 200-day moving average price of $86.76. Oil-Dri Corporation Of America has a 12 month low of $45.61 and a 12 month high of $107.00.

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

Oil-Dri Corporation Of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders 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 is currently 22.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ODC. Weiss Ratings reissued a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, July 29th. Wall Street Zen lowered Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Institutional Trading of Oil-Dri Corporation Of America

A number of institutional investors have recently bought and sold shares of ODC. BlackRock Inc. acquired a new position in Oil-Dri Corporation Of America during the 2nd quarter valued at approximately $84,762,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Oil-Dri Corporation Of America during the second quarter worth $11,267,000. Bard Associates Inc. acquired a new stake in shares of Oil-Dri Corporation Of America during the second quarter worth $10,071,000. Bank of New York Mellon Corp acquired a new stake in shares of Oil-Dri Corporation Of America during the second quarter worth $9,575,000. Finally, PDT Partners LLC acquired a new stake in shares of Oil-Dri Corporation Of America during the second quarter worth $3,353,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

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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