Insider Selling: Oil-Dri Corporation Of America (NYSE:ODC) VP Sells 850 Shares of Stock

Oil-Dri Corporation Of America VP Laura Scheland sold 850 shares at $60.30 each, totaling $51,255, reducing her ownership by 2.09%. Post-sale, she holds 39,900 shares valued at approximately $2.4 million. The stock recently traded down 2.4% to $59.70. The company announced a quarterly dividend of $0.18, payable on November 21st, with a yield of 1.2%. Institutional investors have increased their stakes, with 49.01% of shares owned by them. Analysts maintain a "buy" rating on the stock, reflecting positive sentiment.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) VP Laura Scheland sold 850 shares of Oil-Dri Corporation Of America stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $60.30, for a total transaction of $51,255.00. Following the sale, the vice president directly owned 39,900 shares in the company, valued at $2,405,970. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Oil-Dri Corporation Of America Stock Down 2.4%

Microcap Oil-Dri Corporation Is A Buy For Income Investors

Oil-Dri Corporation Of America stock traded down $1.45 during midday trading on Friday, hitting $59.70. 43,344 shares of the stock were exchanged, compared to its average volume of 52,422. Oil-Dri Corporation Of America has a 1 year low of $33.46 and a 1 year high of $69.75. The firm has a market cap of $873.93 million, a P/E ratio of 16.11 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.82. The company has a 50 day moving average price of $61.78 and a two-hundred day moving average price of $55.57.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last released its earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The company had revenue of $125.21 million during the quarter. Oil-Dri Corporation Of America had a net margin of 11.12% and a return on equity of 22.36%.

Oil-Dri Corporation Of America Announces Dividend

Pay Attention To Microcap Oil-Dri Corporation

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. Oil-Dri Corporation Of America's payout ratio is presently 19.46%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ODC. Trust Co. of Vermont raised its holdings in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 300 shares in the last quarter. MAI Capital Management raised its holdings in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Oil-Dri Corporation Of America by 57.4% in 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 in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 441 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Oil-Dri Corporation Of America in the 2nd quarter worth approximately $45,000. 49.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Can High Yield Oil-Dri Shake Off Its Inflation Woes?

Several equities research analysts have recently weighed in on the stock. 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 Saturday, October 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Get Our Latest Research Report on ODC

Oil-Dri Corporation Of America Company Profile

(Get Free Report)

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.

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