Oil-Dri Co. of America (NYSE:ODC) Shares Bought by Cardinal Capital Management

Cardinal Capital Management raised its position in Oil-Dri Co. of America (NYSE:ODC) by 5.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 45,744 shares of the specialty chemicals company’s stock after purchasing an additional 2,224 shares during the period. Cardinal Capital Management owned about 0.63% of Oil-Dri Co. of America worth $3,411,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. AJOVista LLC purchased a new stake in shares of Oil-Dri Co. of America in the fourth quarter valued at $60,000. Tower Research Capital LLC TRC lifted its position in shares of Oil-Dri Co. of America by 127.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the specialty chemicals company’s stock valued at $84,000 after acquiring an additional 699 shares in the last quarter. SG Americas Securities LLC lifted its position in Oil-Dri Co. of America by 27.9% during the fourth quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 498 shares during the period. Strs Ohio lifted its position in Oil-Dri Co. of America by 91.7% during the fourth quarter. Strs Ohio now owns 2,300 shares of the specialty chemicals company’s stock worth $154,000 after buying an additional 1,100 shares during the period. Finally, Johnson Investment Counsel Inc. purchased a new position in Oil-Dri Co. of America during the fourth quarter worth about $242,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Co. of America Trading Up 2.0 %

NYSE ODC traded up $1.27 during trading hours on Thursday, hitting $64.20. 27,982 shares of the company’s stock were exchanged, compared to its average volume of 17,474. The business’s 50 day moving average is $74.60 and its 200-day moving average is $71.07. Oil-Dri Co. of America has a 12-month low of $54.80 and a 12-month high of $87.32. The firm has a market capitalization of $468.02 million, a P/E ratio of 10.71 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.18 and a current ratio of 3.06.

Oil-Dri Co. of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Oil-Dri Co. of America’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, August 9th. Oil-Dri Co. of America’s dividend payout ratio (DPR) is 19.53%.

Insider Transactions at Oil-Dri Co. of America

In other news, Director George C. Roeth sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $65.00, for a total value of $97,500.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $260,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a research report on Monday.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.