Oil-Dri Co. of America (NYSE:ODC) VP Sells $173,175.00 in Stock

Oil-Dri Co. of America (NYSE:ODC) VP Laura G. Scheland sold 2,500 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $69.27, for a total value of $173,175.00. Following the completion of the transaction, the vice president now directly owns 15,340 shares in the company, valued at $1,062,601.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Oil-Dri Co. of America Price Performance

ODC stock opened at $67.95 on Thursday. Oil-Dri Co. of America has a one year low of $54.80 and a one year high of $87.32. The firm has a 50-day moving average of $67.29 and a two-hundred day moving average of $69.00. The firm has a market capitalization of $495.08 million, a PE ratio of 11.44 and a beta of 0.59. The company has a current ratio of 2.21, a quick ratio of 1.39 and a debt-to-equity ratio of 0.24.

Oil-Dri Co. of America shares are going to split before the market opens on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly minted shares will be issued to shareholders after the market closes on Thursday, November 21st.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share for the quarter. Oil-Dri Co. of America had a net margin of 9.01% and a return on equity of 20.06%. The firm had revenue of $113.70 million for the quarter.

Oil-Dri Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 8th. Oil-Dri Co. of America’s dividend payout ratio is currently 20.88%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

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

A number of institutional investors have recently bought and sold shares of ODC. Cardinal Capital Management boosted its holdings in shares of Oil-Dri Co. of America by 3.6% during the third quarter. Cardinal Capital Management now owns 47,889 shares of the specialty chemicals company’s stock worth $3,304,000 after purchasing an additional 1,650 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Oil-Dri Co. of America by 40.8% during the 2nd quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock valued at $306,000 after buying an additional 1,383 shares during the period. Marshall Wace LLP grew its holdings in shares of Oil-Dri Co. of America by 50.5% during the 2nd quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company’s stock valued at $1,406,000 after acquiring an additional 7,364 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Oil-Dri Co. of America in the second quarter worth $1,181,000. Finally, American Century Companies Inc. raised its holdings in shares of Oil-Dri Co. of America by 24.3% during the second quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company’s stock worth $7,136,000 after acquiring an additional 21,740 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

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.