Oil-Dri Co. of America (NYSE:ODC) Trading Down 3.2% - What's Next?

Oil-Dri Co. of America (NYSE:ODC - Get Free Report)'s stock price traded down 3.2% during mid-day trading on Wednesday . The company traded as low as $56.96 and last traded at $56.47. 7,665 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 40,969 shares. The stock had previously closed at $58.31.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Oil-Dri Co. of America from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

Oil-Dri Co. of America Trading Down 2.2%

The firm has a market cap of $821.48 million, a P/E ratio of 18.19 and a beta of 0.62. The business's 50 day moving average is $46.88 and its 200-day moving average is $41.97. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last released its quarterly earnings data 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 Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Increases Dividend

The firm also recently disclosed 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%. The ex-dividend date of this dividend is Friday, August 8th. This is an increase from Oil-Dri Co. of America's previous quarterly dividend of $0.16. Oil-Dri Co. of America's payout ratio is currently 21.18%.

Insider Activity

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 shares were sold at an average price of $42.51, for a total value of $148,785.00. Following the sale, the director now directly owns 11,820 shares in the company, valued at approximately $502,468.20. The trade was a 22.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.66% of the company's stock.

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 raised its holdings in Oil-Dri Co. of America by 100.0% during the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 300 shares during the period. MAI Capital Management boosted its position in shares of Oil-Dri Co. of America by 100.0% in the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 300 shares during the period. Geode Capital Management LLC lifted its position in Oil-Dri Co. of America by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 112,183 shares of the specialty chemicals company's stock worth $9,834,000 after purchasing an additional 352 shares during the period. New York State Teachers Retirement System lifted its position in Oil-Dri Co. of America by 98.0% in 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. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 580 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company's stock.

About Oil-Dri Co. of America

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.