Oil-Dri Corporation Of America $ODC Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its holdings in Oil-Dri Corporation Of America (NYSE:ODC) by 18.4% during the fourth quarter, HoldingsChannel reports. The fund owned 113,314 shares of the specialty chemicals company’s stock after buying an additional 17,614 shares during the period. Royce & Associates LP’s holdings in Oil-Dri Corporation Of America were worth $5,546,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ODC. Goldman Sachs Group Inc. lifted its holdings in Oil-Dri Corporation Of America by 122.6% in the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock valued at $4,028,000 after acquiring an additional 48,309 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Oil-Dri Corporation Of America by 111.8% in the third quarter. Two Sigma Investments LP now owns 85,798 shares of the specialty chemicals company’s stock valued at $5,237,000 after acquiring an additional 45,294 shares during the last quarter. Millennium Management LLC lifted its holdings in Oil-Dri Corporation Of America by 75.2% in the third quarter. Millennium Management LLC now owns 99,213 shares of the specialty chemicals company’s stock valued at $6,056,000 after acquiring an additional 42,572 shares during the last quarter. American Century Companies Inc. lifted its stake in Oil-Dri Corporation Of America by 9.6% during the third quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock worth $24,486,000 after purchasing an additional 35,302 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its stake in Oil-Dri Corporation Of America by 190.4% during the third quarter. Tudor Investment Corp ET AL now owns 52,935 shares of the specialty chemicals company’s stock worth $3,231,000 after purchasing an additional 34,706 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ODC has been the topic of a number of research reports. Wall Street Zen cut Oil-Dri Corporation Of America from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Oil-Dri Corporation Of America has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Down 3.2%

Shares of NYSE ODC opened at $76.81 on Friday. The stock has a market cap of $1.11 billion, a P/E ratio of 20.81 and a beta of 0.82. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14. Oil-Dri Corporation Of America has a 12-month low of $45.61 and a 12-month high of $79.57. The business’s fifty day simple moving average is $71.70 and its 200-day simple moving average is $62.31.

Oil-Dri Corporation Of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 8th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 22.22%.

Insider Buying and Selling at Oil-Dri Corporation Of America

In other news, Director Ellen-Blair Chube sold 1,390 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total value of $101,553.40. Following the sale, the director directly owned 8,930 shares in the company, valued at approximately $652,425.80. This trade represents 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. Also, Director Paul Hindsley sold 6,000 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $63.90, for a total value of $383,400.00. Following the completion of the sale, the director owned 11,000 shares in the company, valued at approximately $702,900. The trade was a 35.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.69% of the stock is currently owned by company insiders.

Oil-Dri Corporation Of America 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.