BidaskClub upgraded shares of Oil-Dri Corporation Of America (NYSE:ODC) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Oil-Dri Corporation Of America (NYSE ODC) traded up 0.51% during trading on Tuesday, hitting $41.10. 6,164 shares of the stock traded hands. The stock has a market cap of $299.87 million, a P/E ratio of 20.52 and a beta of 1.09. The stock has a 50 day moving average price of $37.86 and a 200-day moving average price of $37.01. Oil-Dri Corporation Of America has a 52-week low of $31.35 and a 52-week high of $43.23.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings results on Wednesday, June 7th. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a net margin of 5.63% and a return on equity of 12.39%. The firm had revenue of $64.75 million for the quarter.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.92 dividend on an annualized basis and a yield of 2.24%. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.22. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 43.56%.

In other news, Director Allan H. Selig acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were bought at an average price of $40.38 per share, for a total transaction of $40,380.00. Following the acquisition, the director now owns 29,500 shares of the company’s stock, valued at approximately $1,191,210. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.86% of the company’s stock.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.

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