Allspring Global Investments Holdings LLC Raises Holdings in Oil-Dri Corporation Of America $ODC

Allspring Global Investments Holdings LLC increased its position in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 244.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,152 shares of the specialty chemicals company’s stock after purchasing an additional 41,276 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Oil-Dri Corporation Of America were worth $3,430,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont increased its position in shares of Oil-Dri Corporation Of America by 100.0% during the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. MAI Capital Management increased its position in shares of Oil-Dri Corporation Of America by 100.0% during the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Oil-Dri Corporation Of America by 98.0% during the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 441 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company’s stock valued at $53,000 after buying an additional 580 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Oil-Dri Corporation Of America in the 1st quarter worth $105,000. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

Oil-Dri Corporation Of America Stock Performance

NYSE ODC opened at $59.03 on Tuesday. The stock has a fifty day simple moving average of $61.82 and a 200-day simple moving average of $55.38. The company has a current ratio of 2.56, a quick ratio of 1.82 and a debt-to-equity ratio of 0.15. The stock has a market cap of $864.20 million, a PE ratio of 15.93 and a beta of 0.70. Oil-Dri Corporation Of America has a twelve month low of $33.46 and a twelve month high of $69.75.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 EPS for the quarter. The company had revenue of $125.21 million for the quarter. Oil-Dri Corporation Of America had a net margin of 11.12% and a return on equity of 22.36%.

Oil-Dri Corporation Of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 7th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is 19.46%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ODC shares. Wall Street Zen raised shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Insiders Place Their Bets

In other Oil-Dri Corporation Of America news, Director Amy Ryan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total value of $60,620.00. Following the sale, the director owned 2,900 shares of the company’s stock, valued at $175,798. The trade was a 25.64% 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. Company insiders own 11.66% of the company’s stock.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.