Blair William & Co. IL Increases Stake in Oil-Dri Corporation Of America (NYSE:ODC)

Blair William & Co. IL boosted its stake in Oil-Dri Corporation Of America (NYSE:ODC) by 100.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,480 shares of the specialty chemicals company’s stock after purchasing an additional 2,740 shares during the period. Blair William & Co. IL’s holdings in Oil-Dri Corporation Of America were worth $252,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Trust Co. of Vermont grew its position in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 300 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 441 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Oil-Dri Corporation Of America by 973.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company’s stock worth $189,000 after buying an additional 1,956 shares during the last quarter. Mariner LLC bought a new stake in shares of Oil-Dri Corporation Of America in the 4th quarter worth approximately $222,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Oil-Dri Corporation Of America in the 4th quarter worth approximately $228,000. 49.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 22nd.

Insider Activity at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Amy Ryan sold 1,000 shares of Oil-Dri Corporation Of America stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total transaction of $60,620.00. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at approximately $175,798. The trade was a 25.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher B. Lamson sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction on Monday, July 21st. The shares were sold at an average price of $61.75, for a total value of $154,375.00. Following the transaction, the vice president owned 11,453 shares of the company’s stock, valued at $707,222.75. The trade was a 17.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,000 shares of company stock worth $354,570 over the last ninety days. 11.66% of the stock is owned by corporate insiders.

Oil-Dri Corporation Of America Trading Up 5.4%

NYSE ODC opened at $61.28 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. Oil-Dri Corporation Of America has a twelve month low of $31.40 and a twelve month high of $63.82. The firm has a market capitalization of $897.07 million, a PE ratio of 18.02 and a beta of 0.67. The stock’s 50 day moving average is $58.08 and its 200 day moving average is $49.47.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%. The company had revenue of $115.50 million for the quarter.

Oil-Dri Corporation Of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.18 per share. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 8th. Oil-Dri Corporation Of America’s dividend payout ratio is presently 21.18%.

Oil-Dri Corporation Of America Company 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.