George C. Roeth Sells 1,500 Shares of Oil-Dri Co. of America (NYSE:ODC) Stock

Oil-Dri Co. of America (NYSE:ODC) Director George C. Roeth sold 1,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $65.00, for a total transaction of $97,500.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $260,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Oil-Dri Co. of America Price Performance

Oil-Dri Co. of America stock opened at $65.50 on Wednesday. The business’s fifty day moving average is $75.32 and its two-hundred day moving average is $70.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.18 and a current ratio of 3.06. The firm has a market cap of $477.50 million, a P/E ratio of 11.03 and a beta of 0.68. Oil-Dri Co. of America has a 52 week low of $52.64 and a 52 week high of $87.32.

Oil-Dri Co. of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.89%. This is a boost from Oil-Dri Co. of America’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, August 9th. Oil-Dri Co. of America’s payout ratio is currently 19.53%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Friday, June 7th.

Institutional Investors Weigh In On Oil-Dri Co. of America

Hedge funds have recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC boosted its position in Oil-Dri Co. of America by 2.5% in the 4th quarter. Ellsworth Advisors LLC now owns 6,548 shares of the specialty chemicals company’s stock valued at $439,000 after buying an additional 160 shares during the last quarter. Barclays PLC raised its position in shares of Oil-Dri Co. of America by 5.9% during the third quarter. Barclays PLC now owns 4,957 shares of the specialty chemicals company’s stock worth $307,000 after acquiring an additional 278 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Oil-Dri Co. of America by 20.9% during the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock valued at $182,000 after acquiring an additional 421 shares during the period. SG Americas Securities LLC boosted its holdings in Oil-Dri Co. of America by 27.9% in the fourth quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock valued at $153,000 after acquiring an additional 498 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in Oil-Dri Co. of America by 0.8% in the fourth quarter. Foundry Partners LLC now owns 78,625 shares of the specialty chemicals company’s stock valued at $5,274,000 after acquiring an additional 640 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.