Oil-Dri Co. of America (NYSE:ODC) Reaches New 52-Week High – What’s Next?

Oil-Dri Co. of America (NYSE:ODC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $92.07 and last traded at $91.50, with a volume of 9761 shares trading hands. The stock had previously closed at $90.95.

Oil-Dri Co. of America Stock Performance

The stock has a fifty day simple moving average of $71.39 and a two-hundred day simple moving average of $68.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.63. The stock has a market cap of $641.55 million, a PE ratio of 14.20 and a beta of 0.58.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 EPS for the quarter. The firm had revenue of $113.70 million 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued 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 (DPR) is 10.02%.

Insider Transactions at Oil-Dri Co. of America

In other news, VP Laura G. Scheland sold 2,500 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $69.27, for a total value of $173,175.00. Following the completion of the sale, the vice president now owns 15,340 shares of the company’s stock, valued at $1,062,601.80. This trade represents a 14.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 11.66% of the company’s stock.

Institutional Trading of Oil-Dri Co. of America

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. bought a new position in shares of Oil-Dri Co. of America during the third quarter valued at $216,000. Barclays PLC boosted its holdings in shares of Oil-Dri Co. of America by 41.5% in the 3rd quarter. Barclays PLC now owns 9,743 shares of the specialty chemicals company’s stock worth $673,000 after acquiring an additional 2,859 shares in the last quarter. State Street Corp increased its holdings in Oil-Dri Co. of America by 2.1% during the 3rd quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock valued at $7,106,000 after purchasing an additional 2,114 shares in the last quarter. Needham Investment Management LLC raised its position in Oil-Dri Co. of America by 10.8% in the 3rd quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company’s stock valued at $18,455,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Oil-Dri Co. of America by 30.2% in the third quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock worth $293,000 after purchasing an additional 986 shares in the last quarter. 49.01% of the stock is owned by institutional investors.

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.