Oil-Dri Co. of America (NYSE:ODC) Shares to Split on Monday, January 6th

Oil-Dri Co. of America (NYSE:ODC)’s stock is scheduled to split on Monday, January 6th. The 2-1 split was announced on Thursday, December 12th. The newly minted shares will be distributed to shareholders after the market closes on Friday, January 3rd.

Oil-Dri Co. of America Trading Down 1.0 %

Shares of ODC stock opened at $87.73 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.63. The firm has a fifty day moving average of $41.60 and a 200-day moving average of $35.86. Oil-Dri Co. of America has a 52-week low of $58.95 and a 52-week high of $93.00. The stock has a market cap of $640.17 million, a price-to-earnings ratio of 14.17 and a beta of 0.58.

Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $1.12 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 will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, February 21st. Oil-Dri Co. of America’s dividend payout ratio (DPR) is currently 10.02%.

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

In related news, VP Laura G. Scheland sold 5,000 shares of Oil-Dri Co. of America stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $34.64, for a total value of $173,175.00. Following the completion of the transaction, the vice president now directly owns 30,680 shares of the company’s stock, valued at $1,062,601.80. The trade was a 14.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 11.66% of the company’s stock.

Hedge Funds Weigh In On Oil-Dri Co. of America

A number of institutional investors have recently modified their holdings of ODC. FMR LLC raised its position in shares of 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 worth $31,000 after acquiring an additional 200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Oil-Dri Co. of America by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock worth $166,000 after purchasing an additional 268 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Oil-Dri Co. of America by 5.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock valued at $379,000 after purchasing an additional 271 shares during the period. Foundry Partners LLC lifted its holdings in Oil-Dri Co. of America by 1.0% in the third quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company’s stock valued at $2,555,000 after buying an additional 350 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Oil-Dri Co. of America by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company’s stock valued at $966,000 after acquiring an additional 469 shares during the last quarter. 49.01% of the stock is owned by institutional investors.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.