Northern Trust Corp increased its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,946 shares of the specialty chemicals company’s stock after acquiring an additional 2,230 shares during the quarter. Northern Trust Corp owned approximately 1.39% of Oil-Dri Corporation Of America worth $2,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ODC. Russell Investments Group Ltd. lifted its stake in shares of Oil-Dri Corporation Of America by 16.1% in the second quarter. Russell Investments Group Ltd. now owns 9,911 shares of the specialty chemicals company’s stock valued at $417,000 after buying an additional 1,377 shares in the last quarter. Cardinal Capital Management lifted its stake in shares of Oil-Dri Corporation Of America by 15.3% in the second quarter. Cardinal Capital Management now owns 30,061 shares of the specialty chemicals company’s stock valued at $1,263,000 after buying an additional 3,994 shares in the last quarter. Algert Global LLC bought a new position in shares of Oil-Dri Corporation Of America in the second quarter valued at $217,000. Gamco Investors INC. ET AL lifted its stake in shares of Oil-Dri Corporation Of America by 5.2% in the second quarter. Gamco Investors INC. ET AL now owns 590,250 shares of the specialty chemicals company’s stock valued at $24,796,000 after buying an additional 29,216 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its stake in shares of Oil-Dri Corporation Of America by 7.5% in the second quarter. Uniplan Investment Counsel Inc. now owns 188,281 shares of the specialty chemicals company’s stock valued at $7,909,000 after buying an additional 13,190 shares in the last quarter. 54.03% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Corporation Of America (NYSE:ODC) traded down $1.10 during trading on Friday, hitting $43.39. 2,603 shares of the company’s stock were exchanged, compared to its average volume of 8,638. Oil-Dri Corporation Of America has a 12-month low of $31.35 and a 12-month high of $50.82. The company has a market capitalization of $324.55, a price-to-earnings ratio of 30.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.94 and a quick ratio of 2.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 16th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is 62.16%.

In other Oil-Dri Corporation Of America news, insider Daniel S. Jaffee sold 6,390 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $41.10, for a total value of $262,629.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Allan H. Selig acquired 1,500 shares of the company’s stock in a transaction on Monday, October 16th. The stock was acquired at an average cost of $42.16 per share, for a total transaction of $63,240.00. The disclosure for this purchase can be found here. 13.86% of the stock is currently owned by company insiders.

Separately, BidaskClub lowered shares of Oil-Dri Corporation Of America from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.

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Oil-Dri Corporation Of America Profile

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.

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Institutional Ownership by Quarter for Oil-Dri Corporation Of America (NYSE:ODC)

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