Oil-Dri Co. of America (NYSE:ODC) Sets New 12-Month High – What’s Next?

Oil-Dri Co. of America (NYSE:ODC)’s stock price reached a new 52-week high on Friday . The stock traded as high as $70.16 and last traded at $70.16, with a volume of 574 shares trading hands. The stock had previously closed at $34.83.

Oil-Dri Co. of America Stock Performance

The stock has a market capitalization of $514.75 million, a price-to-earnings ratio of 12.98 and a beta of 0.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.39 and a current ratio of 2.21. The firm’s 50 day moving average is $68.83 and its 200-day moving average is $68.91.

Oil-Dri Co. of America (NYSE:ODC) last posted its earnings results 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 business had revenue of $113.70 million for the quarter.

Oil-Dri Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, November 8th. Oil-Dri Co. of America’s payout ratio is currently 22.79%.

Insider Transactions at Oil-Dri Co. of America

In other news, VP Laura G. Scheland sold 2,500 shares of Oil-Dri Co. of America stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $69.27, for a total value of $173,175.00. Following the sale, the vice president now owns 15,340 shares in the company, valued at $1,062,601.80. This trade represents a 14.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Oil-Dri Co. of America by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 278,096 shares of the specialty chemicals company’s stock worth $20,735,000 after buying an additional 3,676 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Oil-Dri Co. of America in the 1st quarter valued at $245,000. Cardinal Capital Management lifted its holdings in Oil-Dri Co. of America by 1.1% in the 2nd quarter. Cardinal Capital Management now owns 46,239 shares of the specialty chemicals company’s stock valued at $2,963,000 after purchasing an additional 495 shares in the last quarter. Ellsworth Advisors LLC lifted its holdings in Oil-Dri Co. of America by 6.6% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,453 shares of the specialty chemicals company’s stock valued at $478,000 after purchasing an additional 459 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Oil-Dri Co. of America by 19.4% during the 2nd quarter. Rhumbline Advisers now owns 6,871 shares of the specialty chemicals company’s stock worth $440,000 after purchasing an additional 1,115 shares during the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Co. of America Company Profile

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.