RPM International Inc. (RPM) Position Increased by Capital Fund Management S.A.
Capital Fund Management S.A. boosted its stake in RPM International Inc. (NYSE:RPM) by 234.7% during the second quarter, Holdings Channel reports. The firm owned 31,800 shares of the company’s stock after buying an additional 22,300 shares during the period. Capital Fund Management S.A.’s holdings in RPM International were worth $1,588,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. BB&T Securities LLC purchased a new stake in shares of RPM International during the first quarter valued at about $1,322,000. Geode Capital Management LLC boosted its stake in shares of RPM International by 3.5% in the first quarter. Geode Capital Management LLC now owns 801,545 shares of the company’s stock valued at $37,937,000 after buying an additional 26,989 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of RPM International by 52.5% in the first quarter. Nuveen Asset Management LLC now owns 82,859 shares of the company’s stock valued at $3,922,000 after buying an additional 28,522 shares during the period. Carnick & Kubik LLC boosted its stake in shares of RPM International by 0.7% in the first quarter. Carnick & Kubik LLC now owns 6,872 shares of the company’s stock valued at $325,000 after buying an additional 50 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of RPM International by 17.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 106,815 shares of the company’s stock valued at $5,056,000 after buying an additional 15,605 shares during the period. 72.08% of the stock is currently owned by institutional investors and hedge funds.
RPM International Inc. (NYSE:RPM) traded down 2.05% during mid-day trading on Friday, reaching $49.18. The company’s stock had a trading volume of 1,375,979 shares. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 18.67 and a beta of 1.38. The firm’s 50 day moving average price is $53.22 and its 200 day moving average price is $51.34. RPM International Inc. has a 12-month low of $36.78 and a 12-month high of $55.92.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The company had revenue of $1.25 billion for the quarter. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that RPM International Inc. will post $2.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a $0.30 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, October 13th. RPM International’s dividend payout ratio (DPR) is presently 40.44%.
Several analysts recently weighed in on RPM shares. Wells Fargo & Co. restated a “buy” rating on shares of RPM International in a report on Wednesday. Morgan Stanley restated a “buy” rating on shares of RPM International in a report on Thursday, June 16th. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Seaport Global Securities lowered RPM International from an “accumulate” rating to a “neutral” rating and increased their price target for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of RPM International in a report on Monday, July 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. RPM International has an average rating of “Hold” and an average price target of $53.25.
In other news, VP Barry Slifstein sold 1,000 shares of RPM International stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Frank C. Sullivan sold 60,000 shares of RPM International stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.56, for a total value of $3,213,600.00. Following the completion of the sale, the chairman now directly owns 1,144,622 shares in the company, valued at $61,305,954.32. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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