Walter Wade Robey Sells 4,025 Shares of Oil-Dri Corporation Of America (NYSE:ODC) Stock

Key Points

• Walter Wade Robey, VP of Oil-Dri Corporation, sold 4,025 shares at an average price of $59.18, resulting in a transaction total of $238,199.50, and a 13.87% decrease in his ownership position.
• The company plans to distribute a quarterly dividend of $0.18 per share on November 21st, offering a 1.2% dividend yield and a payout ratio of 19.46%.
• Institutional investors have recently increased their positions significantly in Oil-Dri Corporation, with Gamco Investors raising their stake by 99.3% during the first quarter.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) VP Walter Wade Robey sold 4,025 shares of the company's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $59.18, for a total transaction of $238,199.50. Following the completion of the sale, the vice president directly owned 25,000 shares of the company's stock, valued at $1,479,500. This trade represents a 13.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Oil-Dri Corporation Of America Trading Up 1.6%

Shares of Oil-Dri Corporation Of America stock traded up $0.95 during trading on Tuesday, reaching $60.02. The company's stock had a trading volume of 82,347 shares, compared to its average volume of 52,253. The firm's 50-day moving average is $61.82 and its two-hundred day moving average is $55.38. The company has a quick ratio of 1.82, a current ratio of 2.56 and a debt-to-equity ratio of 0.15. Oil-Dri Corporation Of America has a 52-week low of $33.46 and a 52-week high of $69.75. The company has a market cap of $878.66 million, a price-to-earnings ratio of 16.20 and a beta of 0.70.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a net margin of 11.12% and a return on equity of 22.36%. The business had revenue of $125.21 million during the quarter.

Oil-Dri Corporation Of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 7th. Oil-Dri Corporation Of America's dividend payout ratio is currently 19.46%.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its position in shares of Oil-Dri Corporation Of America by 99.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company's stock worth $36,695,000 after buying an additional 398,056 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Oil-Dri Corporation Of America by 119.3% during the 1st quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company's stock worth $28,112,000 after purchasing an additional 333,053 shares during the period. Needham Investment Management LLC grew its stake in shares of Oil-Dri Corporation Of America by 100.5% during the 1st quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company's stock worth $25,784,000 after purchasing an additional 281,500 shares during the period. American Century Companies Inc. grew its stake in Oil-Dri Corporation Of America by 126.4% in the 1st 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 during the last quarter. Finally, Royce & Associates LP grew its stake in Oil-Dri Corporation Of America by 102.4% in the 1st 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 during the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on ODC. Weiss Ratings reissued a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Oil-Dri Corporation Of America from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

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.