Oil-Dri Co. of America (NYSE:ODC) Trading Down 3.2% – Should You Sell?

Shares of Oil-Dri Co. of America (NYSE:ODC) fell 3.2% during mid-day trading on Wednesday . The stock traded as low as $56.96 and last traded at $56.47. 7,665 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 40,969 shares. The stock had previously closed at $58.31.

Analyst Ratings Changes

Separately, Wall Street Zen raised Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a report on Monday, April 28th.

Oil-Dri Co. of America Price Performance

The company has a 50 day moving average price of $46.59 and a 200 day moving average price of $41.70. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market cap of $838.63 million, a PE ratio of 18.57 and a beta of 0.62.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings data on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%. The business had revenue of $115.50 million for the quarter.

Oil-Dri Co. of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.18 per share. This is a positive change from Oil-Dri Co. of America’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, August 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.25%. Oil-Dri Co. of America’s payout ratio is presently 21.18%.

Insider Buying and Selling at Oil-Dri Co. of America

In other news, Director Ellen-Blair Chube sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $42.51, for a total transaction of $148,785.00. Following the completion of the sale, the director now owns 11,820 shares of the company’s stock, valued at approximately $502,468.20. This trade represents a 22.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ODC. Trust Co. of Vermont boosted its position in shares of Oil-Dri Co. of America by 100.0% during the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 300 shares during the period. MAI Capital Management raised its stake in Oil-Dri Co. of America by 100.0% during the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. Geode Capital Management LLC boosted its position in Oil-Dri Co. of America by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 112,183 shares of the specialty chemicals company’s stock worth $9,834,000 after acquiring an additional 352 shares during the period. New York State Teachers Retirement System grew its stake in shares of Oil-Dri Co. of America by 98.0% in the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 441 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Oil-Dri Co. of America by 100.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company’s stock worth $53,000 after purchasing an additional 580 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.