Oil-Dri Corporation Of America (NYSE:ODC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Oil-Dri Corporation Of America (NYSE:ODC) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Oil-Dri Corporation Of America in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Down 0.7%

Shares of NYSE ODC opened at $73.83 on Friday. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 20.01 and a beta of 0.79. Oil-Dri Corporation Of America has a 12 month low of $41.37 and a 12 month high of $75.41. The stock has a 50-day moving average price of $66.72 and a two-hundred day moving average price of $59.58.

Oil-Dri Corporation Of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th. Oil-Dri Corporation Of America’s payout ratio is 22.22%.

Insider Activity

In other news, Director Paul Hindsley sold 6,000 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $63.90, for a total transaction of $383,400.00. Following the sale, the director directly owned 11,000 shares in the company, valued at approximately $702,900. The trade was a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ellen-Blair Chube sold 1,390 shares of the business’s 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 sale, the director owned 8,930 shares in the company, valued at approximately $652,425.80. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 11.69% of the company’s stock.

Institutional Trading of Oil-Dri Corporation Of America

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Oil-Dri Corporation Of America by 57.4% in the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 183 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Oil-Dri Corporation Of America in the second quarter valued at approximately $45,000. Legal & General Group Plc boosted its holdings in Oil-Dri Corporation Of America by 20.1% in the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock valued at $63,000 after acquiring an additional 178 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Oil-Dri Corporation Of America in the third quarter valued at approximately $67,000. Finally, State of Alaska Department of Revenue boosted its holdings in Oil-Dri Corporation Of America by 361.7% in the fourth quarter. State of Alaska Department of Revenue now owns 1,879 shares of the specialty chemicals company’s stock valued at $91,000 after acquiring an additional 1,472 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors.

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.