Barnett & Company Inc. Sells 5,400 Shares of Oil-Dri Corporation Of America $ODC

Barnett & Company Inc. cut its holdings in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 30.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,400 shares of the specialty chemicals company’s stock after selling 5,400 shares during the quarter. Barnett & Company Inc.’s holdings in Oil-Dri Corporation Of America were worth $607,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tudor Investment Corp ET AL increased its holdings in shares of Oil-Dri Corporation Of America by 190.4% during the third quarter. Tudor Investment Corp ET AL now owns 52,935 shares of the specialty chemicals company’s stock worth $3,231,000 after purchasing an additional 34,706 shares during the period. American Century Companies Inc. increased its holdings in shares of Oil-Dri Corporation Of America by 9.6% during the third quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock worth $24,486,000 after purchasing an additional 35,302 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Oil-Dri Corporation Of America by 206.3% during the third quarter. JPMorgan Chase & Co. now owns 43,921 shares of the specialty chemicals company’s stock worth $2,681,000 after purchasing an additional 29,583 shares during the period. Allianz Asset Management GmbH bought a new position in shares of Oil-Dri Corporation Of America in the third quarter worth $483,000. Finally, Teton Advisors LLC bought a new position in shares of Oil-Dri Corporation Of America in the third quarter worth $842,000. 49.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Insider Transactions at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 1,390 shares of Oil-Dri Corporation Of America stock in a transaction dated 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 owned 8,930 shares in the company, valued at $652,425.80. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.69% of the stock is currently owned by corporate insiders.

Oil-Dri Corporation Of America Stock Performance

Shares of NYSE:ODC opened at $95.50 on Friday. The company’s 50 day simple moving average is $75.91 and its 200 day simple moving average is $64.28. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 24.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.28 and a quick ratio of 2.40. Oil-Dri Corporation Of America has a 1 year low of $45.61 and a 1 year high of $99.03.

Oil-Dri Corporation Of America (NYSE:ODC) last released its earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.The firm had revenue of $126.33 million for the quarter. During the same quarter in the prior year, the firm earned $0.80 EPS.

Oil-Dri Corporation Of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.225 dividend. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 7th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 21.08%.

Oil-Dri Corporation Of America Company Profile

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.