Oil-Dri Corporation Of America (NYSE:ODC) VP Christopher Lamson Sells 7,000 Shares of Company Stock

Oil-Dri Corporation Of America (NYSE:ODC) VP Christopher Lamson sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $80.27, for a total value of $561,890.00. Following the transaction, the vice president directly owned 4,453 shares in the company, valued at $357,442.31. This trade represents a 61.12% decrease in their position. 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%

Shares of Oil-Dri Corporation Of America stock traded down $5.71 on Friday, reaching $75.29. 137,344 shares of the company were exchanged, compared to its average volume of 142,518. Oil-Dri Corporation Of America has a one year low of $45.61 and a one year high of $107.00. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.82 and a beta of 0.76. 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 50-day moving average of $88.56 and a 200 day moving average of $86.68.

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

Oil-Dri Corporation Of America Announces Dividend

The company also recently declared 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. This represents a $0.90 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 6th. Oil-Dri Corporation Of America’s dividend payout ratio is 22.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ODC shares. Weiss Ratings reissued 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 note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Several hedge funds have recently added to or reduced their stakes in ODC. Fifth Third Bancorp bought a new position in Oil-Dri Corporation Of America during the first quarter worth $54,000. Trust Co. of Vermont bought a new position in shares of Oil-Dri Corporation Of America in the second quarter valued at about $61,000. Valmark Advisers Inc. bought a new position in shares of Oil-Dri Corporation Of America in the first quarter valued at about $212,000. Navellier & Associates Inc. bought a new position in shares of Oil-Dri Corporation Of America in the second quarter valued at about $225,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Oil-Dri Corporation Of America in the second quarter valued at about $244,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

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.