Oil-Dri Co. of America (NYSE:ODC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Oil-Dri Co. of America (NYSE:ODC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.99 and traded as high as $44.50. Oil-Dri Co. of America shares last traded at $43.60, with a volume of 19,164 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Friday.

Oil-Dri Co. of America Trading Up 0.5 %

The firm has a market capitalization of $640.06 million, a P/E ratio of 14.17 and a beta of 0.52. The business’s 50 day moving average is $42.44 and its two-hundred day moving average is $26.11. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.41%. Oil-Dri Co. of America’s dividend payout ratio is currently 20.00%.

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

In other news, VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total value of $134,833.50. Following the transaction, the vice president now directly owns 70,796 shares of the company’s stock, valued at $3,026,529. This trade represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy Ryan sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the sale, the director now owns 3,900 shares of the company’s stock, valued at approximately $162,942. This trade represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by corporate insiders.

Institutional Trading of Oil-Dri Co. of America

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Oil-Dri Co. of America by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock valued at $166,000 after buying an additional 268 shares in the last quarter. Barclays PLC lifted its position in shares of Oil-Dri Co. of America by 41.5% in the third quarter. Barclays PLC now owns 9,743 shares of the specialty chemicals company’s stock worth $673,000 after purchasing an additional 2,859 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Oil-Dri Co. of America in the third quarter worth approximately $216,000. State Street Corp grew its position in Oil-Dri Co. of America by 2.1% during the third quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock valued at $7,106,000 after purchasing an additional 2,114 shares in the last quarter. Finally, FMR LLC grew its position in Oil-Dri Co. of America by 81.6% during the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Co. 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.