Oil-Dri Co. of America (NYSE:ODC) Hits New 12-Month High - What's Next?

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $60.32 and last traded at $59.42, with a volume of 110643 shares trading hands. The stock had previously closed at $54.82.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Oil-Dri Co. of America from a "hold" rating to a "buy" rating in a report on Monday, April 28th.

Oil-Dri Co. of America Stock Down 2.2%

The firm has a market cap of $821.48 million, a price-to-earnings ratio of 18.19 and a beta of 0.62. The firm's fifty day moving average is $46.59 and its two-hundred day moving average is $41.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61.

Oil-Dri Co. 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. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%. The business had revenue of $115.50 million during the quarter.

Oil-Dri Co. of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.28%. This is an increase from Oil-Dri Co. of America's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, August 8th. Oil-Dri Co. of America's dividend payout ratio is presently 21.18%.

Insider Buying and Selling at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, Director Ellen-Blair Chube sold 3,500 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the sale, the director now owns 11,820 shares in the company, valued at approximately $502,468.20. The trade was a 22.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.66% of the stock is owned by corporate insiders.

Institutional Trading of Oil-Dri Co. of America

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont increased its holdings in shares of Oil-Dri Co. 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 purchasing an additional 300 shares during the period. MAI Capital Management boosted its position in Oil-Dri Co. of America by 100.0% during the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 300 shares during the period. New York State Teachers Retirement System boosted its position in Oil-Dri Co. of America by 98.0% during the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 441 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Oil-Dri Co. of America by 100.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company's stock worth $53,000 after purchasing an additional 580 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Oil-Dri Co. of America during the first quarter worth approximately $105,000. Institutional investors and hedge funds own 49.01% of the company's stock.

Oil-Dri Co. of America Company 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.