Oil-Dri Co. of America (NYSE:ODC) Director George C. Roeth Sells 1,500 Shares of Stock

Oil-Dri Co. of America (NYSE:ODC) Director George C. Roeth sold 1,500 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. Following the sale, the director now directly owns 4,000 shares in the company, valued at approximately $260,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oil-Dri Co. of America Stock Performance

Shares of Oil-Dri Co. of America stock opened at $65.78 on Tuesday. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a twelve month low of $52.64 and a twelve month high of $87.32. The stock has a market cap of $479.54 million, a price-to-earnings ratio of 11.07 and a beta of 0.68. The company’s fifty day moving average is $75.43 and its 200 day moving average is $70.84.

Oil-Dri Co. of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a $0.31 dividend. This is a boost from Oil-Dri Co. of America’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, August 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.89%. Oil-Dri Co. of America’s payout ratio is currently 19.53%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Friday, June 7th.

Institutional Trading of Oil-Dri Co. of America

Institutional investors have recently modified their holdings of the business. AJOVista LLC bought a new stake in shares of Oil-Dri Co. of America in the fourth quarter worth $60,000. Tower Research Capital LLC TRC lifted its holdings in Oil-Dri Co. of America by 127.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the specialty chemicals company’s stock valued at $84,000 after buying an additional 699 shares during the period. SG Americas Securities LLC lifted its holdings in Oil-Dri Co. of America by 27.9% in the fourth quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 498 shares during the period. Strs Ohio lifted its holdings in Oil-Dri Co. of America by 91.7% in the fourth quarter. Strs Ohio now owns 2,300 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 1,100 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Oil-Dri Co. of America by 20.9% in the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock valued at $182,000 after buying an additional 421 shares during the period. Institutional investors own 49.01% of the company’s stock.

About Oil-Dri Co. of America

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.