Oil-Dri Corporation Of America (NYSE:ODC) Stock Price Down 6.1% – Time to Sell?

Oil-Dri Corporation Of America (NYSE:ODC) dropped 6.1% during trading on Friday . The company traded as low as $90.83 and last traded at $90.6250. 16,564 shares traded hands during trading, a decline of 81% from the average daily volume of 85,426 shares. The stock had previously closed at $96.55.

Analyst Ratings Changes

ODC has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, July 29th. Wall Street Zen raised shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Trading Down 4.0%

The business has a 50-day moving average of $96.33 and a 200-day moving average of $77.68. The company has a quick ratio of 2.40, a current ratio of 3.28 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 23.83 and a beta of 0.78.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.The company had revenue of $126.33 million for the quarter. During the same period in the previous year, the company earned $0.80 earnings per share.

Oil-Dri Corporation Of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 21.08%.

Institutional Trading of Oil-Dri Corporation Of America

A number of institutional investors have recently added to or reduced their stakes in ODC. Russell Investments Group Ltd. increased its stake in shares of Oil-Dri Corporation Of America by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 183 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter valued at $61,000. Raymond James Financial Inc. acquired a new stake in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at $45,000. Fifth Third Bancorp acquired a new stake in shares of Oil-Dri Corporation Of America in the 1st quarter valued at $54,000. Finally, Legal & General Group Plc lifted its stake in shares of Oil-Dri Corporation Of America by 20.1% in the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock valued at $63,000 after purchasing an additional 178 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.