Apollon Wealth Management LLC Boosts Holdings in Oil-Dri Corporation Of America $ODC

Apollon Wealth Management LLC raised its holdings in Oil-Dri Corporation Of America (NYSE:ODC) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,638 shares of the specialty chemicals company’s stock after buying an additional 287 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.09% of Oil-Dri Corporation Of America worth $746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont grew its holdings in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 300 shares during the period. MAI Capital Management grew its holdings in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 300 shares during the period. New York State Teachers Retirement System grew its holdings in Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 441 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company’s stock valued at $53,000 after buying an additional 580 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Oil-Dri Corporation Of America during the 1st quarter worth about $105,000. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Insider Activity at Oil-Dri Corporation Of America

In related news, Director Amy Ryan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total transaction of $60,620.00. Following the transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $175,798. The trade was a 25.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher B. Lamson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $61.75, for a total value of $154,375.00. Following the transaction, the vice president directly owned 11,453 shares in the company, valued at $707,222.75. This trade represents a 17.92% 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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, October 8th. Wall Street Zen upgraded Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Performance

Oil-Dri Corporation Of America stock opened at $59.65 on Thursday. The stock’s 50 day moving average price is $61.72 and its 200 day moving average price is $54.95. The firm has a market capitalization of $873.22 million, a PE ratio of 16.10 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.82 and a current ratio of 2.56. Oil-Dri Corporation Of America has a one year low of $33.46 and a one year high of $69.75.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 EPS for the quarter. The firm had revenue of $125.21 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 22.36% and a net margin of 11.12%.

Oil-Dri Corporation Of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.72 annualized dividend and a yield of 1.2%. Oil-Dri Corporation Of America’s payout ratio is 19.46%.

Oil-Dri Corporation 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.