RPM International Inc. (RPM) Position Lowered by SG Americas Securities LLC
SG Americas Securities LLC lowered its position in RPM International Inc. (NYSE:RPM) by 74.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,309 shares of the company’s stock after selling 38,847 shares during the period. SG Americas Securities LLC’s holdings in RPM International were worth $715,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in RPM. Bank of New York Mellon Corp boosted its position in shares of RPM International by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,494,219 shares of the company’s stock worth $80,269,000 after buying an additional 13,515 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of RPM International by 1.8% in the third quarter. Ameriprise Financial Inc. now owns 371,707 shares of the company’s stock worth $19,968,000 after buying an additional 6,641 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of RPM International by 3,425.2% in the second quarter. Martingale Asset Management L P now owns 366,656 shares of the company’s stock worth $18,315,000 after buying an additional 356,255 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of RPM International by 18.4% in the second quarter. TIAA CREF Investment Management LLC now owns 327,682 shares of the company’s stock worth $16,368,000 after buying an additional 50,987 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of RPM International by 1.0% in the third quarter. California Public Employees Retirement System now owns 321,800 shares of the company’s stock worth $17,287,000 after buying an additional 3,200 shares during the last quarter. Institutional investors own 72.64% of the company’s stock.
Shares of RPM International Inc. (NYSE:RPM) traded up 0.10% during midday trading on Friday, hitting $52.55. 445,568 shares of the stock were exchanged. The stock has a market cap of $7.02 billion, a P/E ratio of 32.50 and a beta of 1.37. The stock’s 50-day moving average price is $53.51 and its 200 day moving average price is $52.12. RPM International Inc. has a one year low of $36.78 and a one year high of $55.92.
RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 5th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.09. RPM International had a net margin of 4.39% and a return on equity of 26.60%. The business earned $1.19 billion during the quarter. During the same period in the previous year, the business posted $0.62 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that RPM International Inc. will post $2.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Monday, January 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. RPM International’s dividend payout ratio (DPR) is presently 76.92%.
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A number of equities analysts have issued reports on RPM shares. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research report on Friday, December 16th. Wells Fargo & Company restated a “buy” rating on shares of RPM International in a research report on Wednesday, October 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.50.
In other news, insider Ronald A. Rice sold 18,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $48.37, for a total value of $870,660.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by 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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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