Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) Director Amy Ryan sold 1,000 shares of the business's stock in a transaction that occurred 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. The trade was a 25.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Oil-Dri Corporation Of America Trading Down 3.1%
Shares of ODC stock traded down $1.83 during trading hours on Monday, reaching $57.39. The company's stock had a trading volume of 49,289 shares, compared to its average volume of 69,438. The stock has a market capitalization of $840.19 million, a P/E ratio of 16.88 and a beta of 0.65. The firm's fifty day simple moving average is $56.21 and its 200 day simple moving average is $48.37. Oil-Dri Corporation Of America has a one year low of $30.99 and a one year 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.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last posted its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The firm had revenue of $115.50 million during the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%.
Oil-Dri Corporation Of America Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a $0.18 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.25%. 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%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in Oil-Dri Corporation Of America by 244.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 58,152 shares of the specialty chemicals company's stock worth $3,430,000 after purchasing an additional 41,276 shares during the period. Apollon Wealth Management LLC increased its stake in shares of Oil-Dri Corporation Of America by 2.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 12,638 shares of the specialty chemicals company's stock worth $746,000 after acquiring an additional 287 shares in the last quarter. Sterling Investment Counsel LLC purchased a new position in Oil-Dri Corporation Of America during the 2nd quarter valued at about $227,000. Arkfeld Wealth Strategies L.L.C. bought a new stake in Oil-Dri Corporation Of America during the second quarter worth about $220,000. Finally, Goldman Sachs Group Inc. grew its holdings in Oil-Dri Corporation Of America by 122.6% in the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company's stock worth $4,028,000 after purchasing an additional 48,309 shares during the period. Hedge funds and other institutional investors own 49.01% of the company's stock.
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.
View Our Latest Analysis on ODC
About Oil-Dri Corporation Of America
(
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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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