Oil-Dri Corporation Of America $ODC Shares Bought by Royce & Associates LP

Royce & Associates LP increased its holdings in Oil-Dri Corporation Of America (NYSE:ODC) by 18.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,314 shares of the specialty chemicals company’s stock after purchasing an additional 17,614 shares during the quarter. Royce & Associates LP owned 0.78% of Oil-Dri Corporation Of America worth $5,546,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Oil-Dri Corporation Of America by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after buying an additional 178 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Oil-Dri Corporation Of America by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 183 shares in the last quarter. Cardinal Capital Management increased its stake in Oil-Dri Corporation Of America by 0.3% during the 4th quarter. Cardinal Capital Management now owns 87,950 shares of the specialty chemicals company’s stock worth $4,304,000 after buying an additional 279 shares in the last quarter. Franklin Resources Inc. increased its stake in Oil-Dri Corporation Of America by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 7,280 shares of the specialty chemicals company’s stock worth $444,000 after buying an additional 284 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Oil-Dri Corporation Of America by 9.4% during the 4th quarter. SG Americas Securities LLC now owns 4,567 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 391 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Ellen-Blair Chube sold 1,390 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total value of $101,553.40. Following the transaction, the director directly owned 8,930 shares in the company, valued at approximately $652,425.80. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul Hindsley sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $63.90, for a total value of $383,400.00. Following the completion of the transaction, the director owned 11,000 shares in the company, valued at $702,900. This represents a 35.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ODC has been the subject of several research reports. Wall Street Zen lowered Oil-Dri Corporation Of America from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Oil-Dri Corporation Of America has an average rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

ODC stock opened at $76.81 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.45 and a quick ratio of 2.40. The business has a 50 day simple moving average of $71.70 and a 200-day simple moving average of $62.31. The firm has a market capitalization of $1.11 billion, a PE ratio of 20.81 and a beta of 0.82. Oil-Dri Corporation Of America has a 1 year low of $45.61 and a 1 year high of $79.57.

Oil-Dri Corporation Of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.205 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.1%. Oil-Dri Corporation Of America’s dividend payout ratio is 22.22%.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.