Oil-Dri Co. of America (NYSE:ODC) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. decreased its stake in Oil-Dri Co. of America (NYSE:ODC) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,880 shares of the specialty chemicals company’s stock after selling 3,207 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.67% of Oil-Dri Co. of America worth $8,578,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ODC. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Oil-Dri Co. of America by 18.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company’s stock valued at $570,000 after purchasing an additional 1,000 shares in the last quarter. Victory Capital Management Inc. boosted its position in Oil-Dri Co. of America by 17.8% in the 4th quarter. Victory Capital Management Inc. now owns 26,793 shares of the specialty chemicals company’s stock valued at $2,348,000 after buying an additional 4,050 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 268 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Oil-Dri Co. of America during the third quarter worth about $216,000. Finally, Barclays PLC lifted its stake 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 acquiring an additional 2,859 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the firm’s stock in a transaction dated 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 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 sale 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 value of $87,738.00. Following the transaction, the director now directly owns 3,900 shares of the company’s stock, valued at $162,942. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.66% of the company’s stock.

Oil-Dri Co. of America Stock Up 1.7 %

Shares of NYSE:ODC opened at $48.32 on Friday. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $49.72. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market cap of $705.24 million, a PE ratio of 15.61 and a beta of 0.44. The company has a fifty day simple moving average of $43.47 and a 200 day simple moving average of $28.40.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $116.91 million for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, May 9th. Oil-Dri Co. of America’s dividend payout ratio is presently 19.81%.

About Oil-Dri Co. of America

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.