Oil-Dri Corporation Of America $ODC Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its holdings in Oil-Dri Corporation Of America (NYSE:ODC) by 2.3% during the second quarter, HoldingsChannel.com reports. The firm owned 12,638 shares of the specialty chemicals company’s stock after buying an additional 287 shares during the period. Apollon Wealth Management LLC’s holdings in Oil-Dri Corporation Of America were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its position in shares of Oil-Dri Corporation Of America by 99.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company’s stock valued at $36,695,000 after purchasing an additional 398,056 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Oil-Dri Corporation Of America by 119.3% in the 1st quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company’s stock valued at $28,112,000 after acquiring an additional 333,053 shares during the last quarter. Needham Investment Management LLC increased its holdings in shares of Oil-Dri Corporation Of America by 100.5% in the 1st quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company’s stock valued at $25,784,000 after acquiring an additional 281,500 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Oil-Dri Corporation Of America by 102.4% in the 1st quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company’s stock valued at $15,429,000 after acquiring an additional 170,000 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Oil-Dri Corporation Of America by 126.4% in the 1st quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company’s stock valued at $15,203,000 after acquiring an additional 184,844 shares during the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oil-Dri Corporation Of America

In other news, VP Christopher B. Lamson sold 2,500 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $61.75, for a total value of $154,375.00. Following the completion of the transaction, the vice president owned 11,453 shares of the company’s stock, valued at approximately $707,222.75. This represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amy Ryan sold 1,000 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total value of $60,620.00. Following the completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $175,798. The trade was a 25.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.66% of the company’s stock.

Wall Street Analyst Weigh In

ODC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, October 8th. Wall Street Zen upgraded Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Oil-Dri Corporation Of America currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

Shares of ODC opened at $59.65 on Thursday. The company has a market cap of $873.22 million, a P/E ratio of 16.10 and a beta of 0.70. The stock has a fifty day moving average price of $61.72 and a 200 day moving average price of $54.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.82. Oil-Dri Corporation Of America has a 12 month low of $33.46 and a 12 month high of $69.75.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings data on Thursday, October 9th. The specialty chemicals company reported $0.89 EPS for the quarter. The firm had revenue of $125.21 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 22.36% and a net margin of 11.12%.

Oil-Dri Corporation Of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid 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 dividend payout ratio is presently 19.46%.

Oil-Dri Corporation Of America Profile

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.