Oil-Dri Corporation Of America (NYSE:ODC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Oil-Dri Corporation Of America (NYSE:ODC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $56.56 and traded as high as $56.86. Oil-Dri Corporation Of America shares last traded at $56.7750, with a volume of 53,273 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, October 8th. Wall Street Zen raised Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Stock Performance

The company has a market capitalization of $831.36 million, a PE ratio of 15.32 and a beta of 0.68. The company has a 50 day moving average of $61.30 and a two-hundred day moving average of $56.56. 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 (NYSE:ODC) last issued its quarterly earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The company had revenue of $125.21 million for 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 company also recently declared 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 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th. Oil-Dri Corporation Of America’s dividend payout ratio is presently 19.46%.

Insider Buying and Selling at Oil-Dri Corporation Of America

In related news, VP Laura G. Scheland sold 850 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $60.30, for a total value of $51,255.00. Following the sale, the vice president directly owned 39,900 shares of the company’s stock, valued at $2,405,970. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the vice president directly owned 25,000 shares in the company, valued at approximately $1,479,500. This represents a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

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

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.