Oil-Dri Corporation Of America (NYSE:ODC) Director Amy Ryan Sells 1,100 Shares of Company Stock

Oil-Dri Corporation Of America (NYSE:ODC) Director Amy Ryan sold 1,100 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $78.80, for a total transaction of $86,680.00. Following the transaction, the director directly owned 2,800 shares in the company, valued at $220,640. The trade was a 28.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Oil-Dri Corporation Of America Stock Down 7.0%

NYSE ODC traded down $5.71 during trading on Friday, hitting $75.29. 137,344 shares of the company traded hands, compared to its average volume of 96,755. Oil-Dri Corporation Of America has a 12 month low of $45.61 and a 12 month high of $107.00. The business has a fifty day simple moving average of $88.91 and a 200 day simple moving average of $86.76. The company has a current ratio of 3.07, a quick ratio of 2.28 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.09 billion, a P/E ratio of 18.82 and a beta of 0.76.

Oil-Dri Corporation Of America (NYSE:ODC) last announced its quarterly earnings results on Thursday, October 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. The company had revenue of $129.29 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 20.31% and a net margin of 11.54%.

Oil-Dri Corporation Of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be issued a $0.2250 dividend. This represents a $0.90 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 6th. Oil-Dri Corporation Of America’s payout ratio is 22.50%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ODC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Oil-Dri Corporation Of America has a consensus rating of “Buy”.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Oil-Dri Corporation Of America in the second quarter worth about $84,762,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at approximately $11,267,000. Bard Associates Inc. bought a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at approximately $10,071,000. Bank of New York Mellon Corp bought a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at approximately $9,575,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Oil-Dri Corporation Of America by 17.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 85,264 shares of the specialty chemicals company’s stock valued at $5,550,000 after purchasing an additional 12,462 shares during the period. 49.01% of the stock is currently owned by institutional investors.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America develops, manufactures and markets mineral-based products designed to absorb, filter and control liquids and odors. The company serves consumer, industrial, agricultural and specialty markets, using products such as fuller’s earth and other absorbent minerals in a range of applications.

Its consumer products include cat litter and related animal-care products sold under brands such as Cat’s Pride and Jonny Cat. Oil-Dri also supplies absorbent products for industrial and commercial uses, including spill cleanup, oil and grease absorption, moisture control, filtration, sports-field maintenance and other specialized applications.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois.