Insider Selling: Oil-Dri Co. of America (NYSE:ODC) VP Sells 2,500 Shares of Stock

Oil-Dri Co. of America (NYSE:ODC) VP Laura G. Scheland sold 2,500 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $69.27, for a total value of $173,175.00. Following the sale, the vice president now owns 15,340 shares of the company’s stock, 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

NYSE ODC traded down $1.07 during trading on Monday, hitting $68.43. 11,759 shares of the stock traded hands, compared to its average volume of 19,236. The company has a market capitalization of $498.85 million, a P/E ratio of 12.78 and a beta of 0.59. The company has a quick ratio of 1.39, a current ratio of 2.21 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $67.03 and a 200-day simple moving average of $69.05. Oil-Dri Co. of America has a 12-month low of $54.80 and a 12-month high of $87.32.

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

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

Oil-Dri Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, November 8th. Oil-Dri Co. of America’s dividend payout ratio is currently 22.79%.

Wall Street Analyst Weigh In

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

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Oil-Dri Co. of America by 20.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 421 shares during the last quarter. Ellsworth Advisors LLC raised its position in Oil-Dri Co. of America by 6.6% during the 2nd quarter. Ellsworth Advisors LLC now owns 7,453 shares of the specialty chemicals company’s stock valued at $478,000 after purchasing an additional 459 shares in the last quarter. Cardinal Capital Management raised its position in Oil-Dri Co. of America by 1.1% during the 2nd quarter. Cardinal Capital Management now owns 46,239 shares of the specialty chemicals company’s stock valued at $2,963,000 after purchasing an additional 495 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Oil-Dri Co. of America by 9.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,490 shares of the specialty chemicals company’s stock valued at $633,000 after purchasing an additional 705 shares in the last quarter. Finally, Rhumbline Advisers raised 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 valued at $440,000 after purchasing an additional 1,115 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.