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

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

Oil-Dri Corporation Of America Stock Down 7.0%

NYSE ODC opened at $75.29 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.28 and a current ratio of 3.07. 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 has a one year low of $45.61 and a one year high of $107.00. The stock has a 50 day moving average price of $88.56 and a 200-day moving average price of $86.68.

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 for the quarter. Oil-Dri Corporation Of America had a net margin of 11.54% and a return on equity of 20.31%.

Oil-Dri Corporation Of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be given a dividend of $0.2250 per share. The ex-dividend date is Friday, November 6th. This represents a $0.90 annualized dividend and a yield of 1.2%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is 22.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ODC shares. Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Oil-Dri Corporation Of America presently has an average rating of “Buy”.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Several institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth approximately $61,000. Fifth Third Bancorp bought a new position in shares of Oil-Dri Corporation Of America during the 1st quarter valued at approximately $54,000. Navellier & Associates Inc. purchased a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at $225,000. Integrated Wealth Concepts LLC purchased a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at $244,000. Finally, Arizona State Retirement System purchased a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at $246,000. 49.01% of the stock is owned by institutional investors.

Oil-Dri Corporation Of America Company Profile

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.