Oil-Dri Co. of America (NYSE:ODC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.08 and traded as high as $71.91. Oil-Dri Co. of America shares last traded at $67.69, with a volume of 34,097 shares changing hands.
Oil-Dri Co. of America Stock Performance
The stock's 50-day simple moving average is $68.31 and its 200-day simple moving average is $69.07. The stock has a market cap of $502.35 million, a price-to-earnings ratio of 12.70 and a beta of 0.59. The company has a current ratio of 2.21, a quick ratio of 1.39 and a debt-to-equity ratio of 0.24.
Oil-Dri Co. of America shares are set to split on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, November 21st.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a net margin of 9.01% and a return on equity of 20.06%. The firm had revenue of $113.70 million for the quarter.
Oil-Dri Co. of America Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. Oil-Dri Co. of America's dividend payout ratio (DPR) is 22.79%.
Insiders Place Their Bets
In other news, VP Laura G. Scheland sold 2,500 shares of the business's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $69.27, for a total transaction of $173,175.00. Following the completion of the transaction, the vice president now owns 15,340 shares of the company's stock, valued at approximately $1,062,601.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.66% of the company's stock.
Institutional Investors Weigh In On Oil-Dri Co. of America
Several hedge funds and other institutional investors have recently made changes to their positions in ODC. American Century Companies Inc. boosted its position in Oil-Dri Co. of America by 24.3% in the second quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company's stock valued at $7,136,000 after buying an additional 21,740 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Oil-Dri Co. of America by 1,617.3% during the 2nd quarter. Victory Capital Management Inc. now owns 22,685 shares of the specialty chemicals company's stock valued at $1,454,000 after acquiring an additional 21,364 shares in the last quarter. ProShare Advisors LLC bought a new stake in Oil-Dri Co. of America during the 2nd quarter worth $1,181,000. Moran Wealth Management LLC acquired a new position in Oil-Dri Co. of America in the 3rd quarter worth about $606,000. Finally, Marshall Wace LLP raised its position in Oil-Dri Co. of America by 50.5% in the second quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company's stock valued at $1,406,000 after purchasing an additional 7,364 shares during the last quarter. 49.01% of the stock is owned by institutional investors.
About Oil-Dri Co. of America
(
Get Free Report)
Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.
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