Oil-Dri Corporation Of America (NYSE:ODC – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $106.84 and last traded at $101.3650, with a volume of 3776 shares trading hands. The stock had previously closed at $101.68.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on ODC shares. Weiss Ratings raised shares of Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.
Read Our Latest Stock Report on Oil-Dri Corporation Of America
Oil-Dri Corporation Of America Price Performance
Oil-Dri Corporation Of America (NYSE:ODC – Get Free Report) last issued its earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 EPS for the quarter. The business had revenue of $126.33 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.During the same quarter in the prior year, the business earned $0.80 EPS.
Oil-Dri Corporation Of America Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, August 7th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is 21.08%.
Insider Activity at Oil-Dri Corporation Of America
In related news, Director Ellen-Blair Chube sold 1,390 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $73.06, for a total transaction of $101,553.40. Following the completion of the transaction, the director owned 8,930 shares of the company’s stock, valued at approximately $652,425.80. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.69% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of Oil-Dri Corporation Of America by 57.4% in the second 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 during the period. Raymond James Financial Inc. bought a new stake in Oil-Dri Corporation Of America during the second quarter valued at $45,000. Fifth Third Bancorp bought a new stake in Oil-Dri Corporation Of America during the first quarter valued at $54,000. Legal & General Group Plc grew its position in Oil-Dri Corporation Of America by 20.1% during the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after buying an additional 178 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Oil-Dri Corporation Of America by 361.7% during the fourth quarter. State of Alaska Department of Revenue now owns 1,879 shares of the specialty chemicals company’s stock worth $91,000 after buying an additional 1,472 shares in the last quarter. 49.01% of the stock is owned by institutional investors.
Oil-Dri Corporation Of America Company Profile
Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.
Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.
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