Oil-Dri Corporation Of America (NYSE:ODC) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Oil-Dri Corporation Of America (NYSE:ODC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $73.27 and traded as high as $97.99. Oil-Dri Corporation Of America shares last traded at $94.4260, with a volume of 157,644 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Stock Down 2.9%

The company has a quick ratio of 2.40, a current ratio of 3.28 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $90.44 and a two-hundred day simple moving average of $73.27. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 24.27 and a beta of 0.77.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings data on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.The company had revenue of $126.33 million for the quarter. During the same quarter in the prior year, the company posted $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. Investors of record on Friday, August 7th will be paid 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 1.0%. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. Oil-Dri Corporation Of America’s payout ratio is presently 23.14%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of Oil-Dri Corporation Of America by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 178 shares in the last quarter. Russell Investments Group Ltd. boosted its position 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 buying an additional 183 shares in the last quarter. Cardinal Capital Management boosted its position in Oil-Dri Corporation Of America by 0.3% in the fourth quarter. Cardinal Capital Management now owns 87,950 shares of the specialty chemicals company’s stock valued at $4,304,000 after buying an additional 279 shares in the last quarter. Franklin Resources Inc. grew its stake in Oil-Dri Corporation Of America by 4.1% during the third quarter. Franklin Resources Inc. now owns 7,280 shares of the specialty chemicals company’s stock worth $444,000 after buying an additional 284 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Oil-Dri Corporation Of America by 9.4% during the fourth quarter. SG Americas Securities LLC now owns 4,567 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 391 shares during the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

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.