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

Barnett & Company Inc. decreased its position in Oil-Dri Corporation Of America (NYSE:ODC) by 30.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,400 shares of the specialty chemicals company’s stock after selling 5,400 shares during the period. Barnett & Company Inc. owned about 0.09% of Oil-Dri Corporation Of America worth $607,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Oil-Dri Corporation Of America by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 641,978 shares of the specialty chemicals company’s stock worth $39,186,000 after buying an additional 8,951 shares in the last quarter. American Century Companies Inc. lifted its position in Oil-Dri Corporation Of America by 9.6% during the 3rd quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock worth $24,486,000 after buying an additional 35,302 shares in the last quarter. Geode Capital Management LLC lifted its position in Oil-Dri Corporation Of America by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 273,483 shares of the specialty chemicals company’s stock worth $13,386,000 after buying an additional 10,102 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Oil-Dri Corporation Of America by 12.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 141,178 shares of the specialty chemicals company’s stock worth $6,909,000 after buying an additional 16,124 shares in the last quarter. Finally, Royce & Associates LP lifted its position in Oil-Dri Corporation Of America by 18.4% during the 4th quarter. Royce & Associates LP now owns 113,314 shares of the specialty chemicals company’s stock worth $5,546,000 after buying an additional 17,614 shares in the last quarter. Institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Stock Down 0.1%

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

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

Oil-Dri Corporation Of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.90 annualized dividend and a yield of 0.9%. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.21. Oil-Dri Corporation Of America’s payout ratio is currently 21.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ODC. Wall Street Zen cut 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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Insiders Place Their Bets

In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 1,390 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were 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 of the company’s stock, valued at $652,425.80. This represents a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.69% of the stock is currently owned by corporate insiders.

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.