Oil-Dri Co. of America (NYSE:ODC) Shares Set to Split on Monday, January 6th

Oil-Dri Co. of America (NYSE:ODC) shares are scheduled to split before the market opens on Monday, January 6th. The 2-1 split was announced on Thursday, December 12th. The newly created shares will be distributed to shareholders after the closing bell on Friday, January 3rd.

Oil-Dri Co. of America Price Performance

Shares of ODC opened at $87.73 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a twelve month low of $58.95 and a twelve month high of $93.00. The stock has a market capitalization of $640.17 million, a P/E ratio of 14.17 and a beta of 0.58. The company has a 50 day moving average of $41.60 and a 200-day moving average of $35.86.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $1.12 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, February 21st. Oil-Dri Co. of America’s dividend payout ratio is currently 10.02%.

Insider Activity at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 5,000 shares of Oil-Dri Co. of America stock in a transaction on Friday, October 18th. The shares were sold at an average price of $34.64, for a total transaction of $173,175.00. Following the completion of the transaction, the vice president now directly owns 30,680 shares of the company’s stock, valued at $1,062,601.80. The trade was a 14.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oil-Dri Co. of America

Large investors have recently modified their holdings of the stock. ProShare Advisors LLC acquired a new position in shares of Oil-Dri Co. of America in the second quarter valued at approximately $1,181,000. American Century Companies Inc. grew its holdings in Oil-Dri Co. of America by 24.3% in the 2nd quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company’s stock valued at $7,136,000 after buying an additional 21,740 shares in the last quarter. Victory Capital Management Inc. increased its position in Oil-Dri Co. of America by 1,617.3% during the 2nd quarter. Victory Capital Management Inc. now owns 22,685 shares of the specialty chemicals company’s stock worth $1,454,000 after buying an additional 21,364 shares during the period. Rhumbline Advisers increased its position in Oil-Dri Co. of America by 19.4% during the 2nd quarter. Rhumbline Advisers now owns 6,871 shares of the specialty chemicals company’s stock worth $440,000 after buying an additional 1,115 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Oil-Dri Co. of America by 50.5% during the second quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company’s stock worth $1,406,000 after buying an additional 7,364 shares in the last quarter. 49.01% of the stock is owned by institutional investors.

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.