Oil-Dri Co. of America (NYSE:ODC) Shares Scheduled to Split on Monday, January 6th

Shares of Oil-Dri Co. of America (NYSE:ODC) are set to split on Monday, January 6th. The 2-1 split was announced on Thursday, December 12th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, January 3rd.

Oil-Dri Co. of America Stock Performance

Shares of Oil-Dri Co. of America stock opened at $87.73 on Friday. The business has a fifty day simple moving average of $41.60 and a 200-day simple moving average of $35.86. The stock has a market cap of $640.17 million, a PE ratio of 14.17 and a beta of 0.58. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a 12 month low of $58.95 and a 12 month high of $93.00.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Monday, December 9th. The specialty chemicals company reported $1.12 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, February 21st. Oil-Dri Co. of America’s dividend payout ratio (DPR) is currently 10.02%.

Insider Transactions at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $34.64, for a total value of $173,175.00. Following the completion of the sale, the vice president now directly owns 30,680 shares of the company’s stock, valued at $1,062,601.80. The trade was a 14.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oil-Dri Co. of America

Several institutional investors and hedge funds have recently added to or reduced their stakes in ODC. Needham Investment Management LLC boosted its holdings in shares of Oil-Dri Co. of America by 10.8% during the 3rd quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company’s stock worth $18,455,000 after buying an additional 26,000 shares during the period. American Century Companies Inc. lifted its position in Oil-Dri Co. of America by 24.3% during the 2nd quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company’s stock worth $7,136,000 after acquiring an additional 21,740 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Oil-Dri Co. of America by 1,617.3% during the second 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 during the period. ProShare Advisors LLC acquired a new stake in shares of Oil-Dri Co. of America in the second quarter valued at about $1,181,000. Finally, Moran Wealth Management LLC bought a new position in shares of Oil-Dri Co. of America in the third quarter worth about $606,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

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.