Oil-Dri Co. of America (NYSE:ODC) Stock Price Up 6.3% – Still a Buy?

Oil-Dri Co. of America (NYSE:ODC)’s stock price traded up 6.3% during mid-day trading on Wednesday . The company traded as high as $85.65 and last traded at $85.65. 26,045 shares changed hands during trading, an increase of 36% from the average session volume of 19,158 shares. The stock had previously closed at $80.60.

Oil-Dri Co. of America Trading Up 6.4 %

The business has a fifty day moving average of $69.21 and a 200-day moving average of $67.87. The stock has a market capitalization of $625.04 million, a price-to-earnings ratio of 14.82 and a beta of 0.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.21 and a quick ratio of 1.39.

Oil-Dri Co. of America (NYSE:ODC) last released its earnings results on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share (EPS) for the quarter. The firm had revenue of $113.70 million for the quarter. Oil-Dri Co. of America had a return on equity of 20.06% and a net margin of 9.01%.

Oil-Dri Co. of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.45%. Oil-Dri Co. of America’s dividend payout ratio is currently 22.79%.

Insider Buying and Selling

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 2,500 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 15,340 shares in the company, valued at approximately $1,062,601.80. This trade represents a 14.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.66% of the stock is currently owned by company insiders.

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

A number of institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. acquired a new stake in Oil-Dri Co. of America during the 3rd quarter worth about $216,000. Barclays PLC lifted its holdings in shares of Oil-Dri Co. of America by 41.5% during the 3rd quarter. Barclays PLC now owns 9,743 shares of the specialty chemicals company’s stock valued at $673,000 after buying an additional 2,859 shares during the last quarter. State Street Corp lifted its holdings in shares of Oil-Dri Co. of America by 2.1% during the 3rd quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock valued at $7,106,000 after buying an additional 2,114 shares during the last quarter. Needham Investment Management LLC lifted 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 valued at $18,455,000 after buying an additional 26,000 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Oil-Dri Co. of America by 30.2% during the 3rd quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock valued at $293,000 after buying an additional 986 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

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.