Oil-Dri Co. of America (NYSE:ODC - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday following a dividend announcement from the company. The company traded as high as $50.00 and last traded at $47.25, with a volume of 1037 shares trading hands. The stock had previously closed at $45.59.
The newly announced dividend which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.155 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.62 annualized dividend and a dividend yield of 1.28%. Oil-Dri Co. of America's dividend payout ratio is currently 19.81%.
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 note on Friday, February 28th.
Read Our Latest Report on Oil-Dri Co. of America
Oil-Dri Co. of America Trading Up 1.7 %
The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The stock has a market cap of $705.24 million, a price-to-earnings ratio of 15.61 and a beta of 0.44. The company has a fifty day simple moving average of $43.47 and a 200-day simple moving average of $28.56.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last released its earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share 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 for the quarter.
Insider Transactions at Oil-Dri Co. of America
In related news, Director Amy Ryan sold 2,100 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the sale, the director now directly owns 3,900 shares in the company, valued at approximately $162,942. This trade represents a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher B. Lamson sold 3,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the transaction, the vice president now owns 70,796 shares in the company, valued at approximately $3,026,529. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Oil-Dri Co. of America by 81.6% during the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 200 shares during the last quarter. JPMorgan Chase & Co. grew its position in Oil-Dri Co. of America by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company's stock worth $166,000 after acquiring an additional 268 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Oil-Dri Co. of America by 973.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company's stock worth $189,000 after purchasing an additional 1,956 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Oil-Dri Co. of America during the 3rd quarter valued at $216,000. Finally, Mariner LLC acquired a new stake in shares of Oil-Dri Co. of America in the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 49.01% of the company's stock.
About Oil-Dri Co. of America
(
Get Free Report)
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.
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