Ellen-Blair Chube Sells 3,500 Shares of Oil-Dri Co. of America (NYSE:ODC) Stock

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) Director Ellen-Blair Chube sold 3,500 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $42.51, for a total transaction of $148,785.00. Following the sale, the director now directly owns 11,820 shares of the company's stock, valued at approximately $502,468.20. This trade represents a 22.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Oil-Dri Co. of America Price Performance

Shares of NYSE ODC remained flat at $41.97 during midday trading on Friday. The stock had a trading volume of 8,949 shares, compared to its average volume of 41,910. The stock has a 50 day moving average of $44.72 and a 200 day moving average of $34.24. Oil-Dri Co. of America has a 52-week low of $29.47 and a 52-week high of $49.72. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $612.55 million, a PE ratio of 13.56 and a beta of 0.55.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The specialty chemicals company reported $0.89 EPS for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%. The business had revenue of $116.91 million during the quarter.

Oil-Dri Co. of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, May 9th. Oil-Dri Co. of America's dividend payout ratio (DPR) is 19.81%.

Hedge Funds Weigh In On Oil-Dri Co. of America

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Oil-Dri Co. of America by 81.6% during the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 200 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Oil-Dri Co. of America by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company's stock worth $166,000 after purchasing an additional 268 shares during the period. Trust Co. of Vermont raised its position in Oil-Dri Co. of America by 100.0% in the 1st 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 during the period. Geode Capital Management LLC raised its position in Oil-Dri Co. of America by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 112,183 shares of the specialty chemicals company's stock worth $9,834,000 after purchasing an additional 352 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in Oil-Dri Co. of America by 98.0% in the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 49.01% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a research report on Friday, April 11th.

Oil-Dri Co. of America Company Profile

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.