Geode Capital Management LLC Raises Stock Position in Oil-Dri Co. of America (NYSE:ODC)

Geode Capital Management LLC lifted its stake in Oil-Dri Co. of America (NYSE:ODC) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,183 shares of the specialty chemicals company’s stock after buying an additional 352 shares during the period. Geode Capital Management LLC owned approximately 0.77% of Oil-Dri Co. of America worth $9,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Oil-Dri Co. of America by 81.6% in the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 200 shares during the period. JPMorgan Chase & Co. boosted its stake in Oil-Dri Co. of America by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock worth $166,000 after purchasing an additional 268 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Oil-Dri Co. of America by 18.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company’s stock worth $570,000 after purchasing an additional 1,000 shares during the period. State Street Corp grew its position in Oil-Dri Co. of America by 2.1% during the 3rd quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock worth $7,106,000 after purchasing an additional 2,114 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in Oil-Dri Co. of America in the fourth quarter valued at $235,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, Director Ellen-Blair Chube sold 3,500 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $42.51, for a total value of $148,785.00. Following the completion of the transaction, the director now directly owns 11,820 shares of the company’s stock, valued at approximately $502,468.20. This trade represents a 22.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a report on Friday, April 11th.

Oil-Dri Co. of America Trading Down 0.1 %

Shares of ODC stock opened at $41.86 on Thursday. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $49.72. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $44.74 and its two-hundred day moving average is $34.07. The company has a market capitalization of $610.95 million, a P/E ratio of 13.53 and a beta of 0.55.

Oil-Dri Co. of America (NYSE:ODC) last released its earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 EPS for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%. The company had revenue of $116.91 million during the quarter.

Oil-Dri Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, May 9th. Oil-Dri Co. of America’s payout ratio is 19.81%.

Oil-Dri Co. of America Profile

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.