Oil-Dri Co. of America (NYSE:ODC) Sets New 1-Year High – Still a Buy?

Oil-Dri Co. of America (NYSE:ODC) hit a new 52-week high during trading on Tuesday . The company traded as high as $60.32 and last traded at $59.42, with a volume of 110643 shares traded. The stock had previously closed at $54.82.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a research note on Monday, April 28th.

Oil-Dri Co. of America Stock Down 2.7%

The firm has a market cap of $828.09 million, a price-to-earnings ratio of 18.33 and a beta of 0.62. The business’s 50 day moving average price is $46.03 and its 200 day moving average price is $41.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings data on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The business had revenue of $115.50 million for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.18 per share. This is a boost from Oil-Dri Co. of America’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, August 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.27%. Oil-Dri Co. of America’s dividend payout ratio (DPR) is presently 21.18%.

Insider Activity

In other news, Director Ellen-Blair Chube sold 3,500 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the transaction, the director now owns 11,820 shares in the company, valued at $502,468.20. This trade represents a 22.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont lifted its position in shares of Oil-Dri Co. of America by 100.0% during the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 300 shares in the last quarter. MAI Capital Management lifted its position in shares of Oil-Dri Co. of America by 100.0% during the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 300 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Oil-Dri Co. of America by 98.0% during the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 441 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Oil-Dri Co. of America by 100.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company’s stock valued at $53,000 after buying an additional 580 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Oil-Dri Co. of America by 973.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company’s stock valued at $189,000 after buying an additional 1,956 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

About Oil-Dri Co. of America

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.