Oil-Dri Co. of America Stock Scheduled to Split on Monday, January 6th (NYSE:ODC)

Shares of Oil-Dri Co. of America (NYSE:ODC) are going to split on the morning of Monday, January 6th. The 2-1 split was announced on Thursday, December 12th. The newly created shares will be issued to shareholders after the closing bell on Friday, January 3rd.

Oil-Dri Co. of America Stock Performance

Oil-Dri Co. of America stock opened at $87.64 on Thursday. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market cap of $639.51 million, a P/E ratio of 14.16 and a beta of 0.58. The firm has a 50-day moving average of $44.81 and a 200-day moving average of $36.97. Oil-Dri Co. of America has a 1-year low of $58.95 and a 1-year high of $93.00.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings data on Monday, December 9th. The specialty chemicals company reported $1.12 EPS 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.71%. Oil-Dri Co. of America’s payout ratio is 10.02%.

Insider Transactions at Oil-Dri Co. of America

In other news, VP Laura G. Scheland sold 5,000 shares of Oil-Dri Co. of America stock in a transaction on Friday, October 18th. The shares were sold at an average price of $34.64, for a total transaction of $173,175.00. Following the transaction, the vice president now owns 30,680 shares in the company, valued at $1,062,601.80. This trade represents a 14.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ODC. FMR LLC grew its position in Oil-Dri Co. of America by 81.6% in the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Oil-Dri Co. of America by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock valued at $166,000 after buying an additional 268 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Oil-Dri Co. of America in the third quarter valued at approximately $216,000. Janus Henderson Group PLC boosted its position in shares of Oil-Dri Co. of America by 30.2% in the 3rd quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock worth $293,000 after purchasing an additional 986 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Oil-Dri Co. of America by 40.8% during the second quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock worth $306,000 after acquiring an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Co. of America Company Profile

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.