Oil-Dri Co. of America (NYSE:ODC) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Oil-Dri Co. of America (NYSE:ODC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.34 and traded as high as $48.00. Oil-Dri Co. of America shares last traded at $47.47, with a volume of 58,218 shares traded.

Analyst Ratings Changes

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Oil-Dri Co. of America Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The company has a market capitalization of $692.75 million, a PE ratio of 15.34 and a beta of 0.44. The business has a 50-day moving average of $43.10 and a 200 day moving average of $27.42.

Oil-Dri Co. of America (NYSE:ODC) last posted its earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 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 company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.155 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.31%. 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 Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the sale, the vice president now directly owns 70,796 shares in the company, valued at $3,026,529. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amy Ryan sold 2,100 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total value of $87,738.00. Following the completion of the sale, the director now owns 3,900 shares in the company, valued at approximately $162,942. The trade was a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.66% of the company’s stock.

Institutional Investors Weigh In On Oil-Dri Co. of America

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Oil-Dri Co. of America by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock worth $166,000 after buying an additional 268 shares during the period. Barclays PLC raised its holdings 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 buying an additional 2,859 shares during the period. 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 raised its holdings in shares of Oil-Dri Co. of America by 2.1% in the third quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock worth $7,106,000 after buying an additional 2,114 shares during the period. Finally, FMR LLC raised 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 worth $31,000 after buying an additional 200 shares during the period. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

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.