Oil-Dri Corporation Of America (NYSE:ODC) VP Christopher B. Lamson Sells 2,500 Shares

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) VP Christopher B. Lamson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $61.75, for a total value of $154,375.00. Following the transaction, the vice president directly owned 11,453 shares of the company's stock, valued at $707,222.75. The trade was a 17.92% 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 Stock Performance

Shares of NYSE ODC traded down $0.93 during midday trading on Monday, hitting $60.54. 73,959 shares of the stock traded hands, compared to its average volume of 42,690. Oil-Dri Corporation Of America has a one year low of $30.95 and a one year high of $63.82. The firm has a 50-day moving average of $55.00 and a two-hundred day moving average of $47.75. The firm has a market capitalization of $886.31 million, a P/E ratio of 17.81 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last announced its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%. The company had revenue of $115.50 million for the quarter.

Oil-Dri Corporation Of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given 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. The ex-dividend date is Friday, August 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.19%. Oil-Dri Corporation Of America's dividend payout ratio (DPR) is presently 18.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ODC. Gamco Investors INC. ET AL lifted its stake in Oil-Dri Corporation Of America by 99.3% in the first quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company's stock worth $36,695,000 after purchasing an additional 398,056 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Oil-Dri Corporation Of America by 119.3% during the first quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company's stock valued at $28,112,000 after acquiring an additional 333,053 shares in the last quarter. Needham Investment Management LLC raised its stake in shares of Oil-Dri Corporation Of America by 100.5% during the first quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company's stock valued at $25,784,000 after acquiring an additional 281,500 shares in the last quarter. Royce & Associates LP raised its stake in shares of Oil-Dri Corporation Of America by 102.4% during the first quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company's stock valued at $15,429,000 after acquiring an additional 170,000 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Oil-Dri Corporation Of America by 126.4% during the first quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company's stock valued at $15,203,000 after acquiring an additional 184,844 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 22nd.

About Oil-Dri Corporation 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.

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