Walter Wade Robey Sells 4,025 Shares of Oil-Dri Corporation Of America (NYSE:ODC) Stock

Oil-Dri Corporation Of America (NYSE:ODC) VP Walter Wade Robey sold 4,025 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $59.18, for a total value of $238,199.50. Following the completion of the transaction, the vice president directly owned 25,000 shares of the company’s stock, valued at approximately $1,479,500. The trade was a 13.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Oil-Dri Corporation Of America Stock Performance

Oil-Dri Corporation Of America stock opened at $60.33 on Thursday. The firm’s 50 day simple moving average is $61.76 and its 200-day simple moving average is $55.44. 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 fifty-two week low of $33.46 and a fifty-two week high of $69.75. The company has a market cap of $883.16 million, a P/E ratio of 16.28 and a beta of 0.70.

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

Oil-Dri Corporation Of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 7th. Oil-Dri Corporation Of America’s dividend payout ratio is presently 19.46%.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

A number of large investors have recently bought and sold shares of ODC. Legal & General Group Plc lifted its stake 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 purchasing an additional 178 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Oil-Dri Corporation Of America by 57.4% during the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 183 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Oil-Dri Corporation Of America by 25.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,013 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 203 shares during the period. Apollon Wealth Management LLC grew its holdings in Oil-Dri Corporation Of America by 2.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 12,638 shares of the specialty chemicals company’s stock worth $746,000 after acquiring an additional 287 shares during the period. Finally, Trust Co. of Vermont increased its holdings in Oil-Dri Corporation Of America by 100.0% in the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Oil-Dri Corporation Of America presently has an average rating of “Buy”.

About Oil-Dri Corporation 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.