Oil-Dri Corporation Of America (NYSE:ODC) Director Sells $139,575.00 in Stock

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) Director Ellen-Blair Chube sold 2,500 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $55.83, for a total transaction of $139,575.00. Following the completion of the sale, the director now directly owns 9,320 shares in the company, valued at approximately $520,335.60. The trade was a 21.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ellen-Blair Chube also recently made the following trade(s):

• On Monday, April 21st, Ellen-Blair Chube sold 3,500 shares of Oil-Dri Corporation Of America stock. The shares were sold at an average price of $42.51, for a total transaction of $148,785.00.

Oil-Dri Corporation Of America Price Performance

Shares of ODC stock traded up $0.77 during mid-day trading on Friday, hitting $57.11. 120,605 shares of the stock were exchanged, compared to its average volume of 41,819. The firm has a fifty day moving average of $47.96 and a 200 day moving average of $43.06. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. Oil-Dri Corporation Of America has a 52-week low of $29.47 and a 52-week high of $60.32. The company has a market cap of $836.09 million, a PE ratio of 16.80 and a beta of 0.62.

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 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%. The business had revenue of $115.50 million for the quarter.

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 paid a dividend of $0.18 per share. This is a positive change from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, August 8th. Oil-Dri Corporation Of America's dividend payout ratio is presently 18.24%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Oil-Dri Corporation Of America from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Hedge funds have recently modified their holdings of the company. Trust Co. of Vermont lifted its stake in Oil-Dri Corporation 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 buying an additional 300 shares in the last quarter. MAI Capital Management lifted its stake in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 300 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock valued at $41,000 after buying an additional 441 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company's stock valued at $53,000 after buying an additional 580 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Oil-Dri Corporation Of America in the 1st quarter valued at about $105,000. 49.01% of the stock is owned by hedge funds and other institutional investors.

Oil-Dri Corporation 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.