RPM International Inc. (RPM) Stake Lowered by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC decreased its position in RPM International Inc. (NYSE:RPM) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,800 shares of the specialty chemicals company’s stock after selling 1,400 shares during the period. Nisa Investment Advisors LLC’s holdings in RPM International were worth $803,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. increased its stake in RPM International by 1.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 4,601 shares of the specialty chemicals company’s stock worth $253,000 after buying an additional 50 shares during the last quarter. Buffington Mohr McNeal increased its stake in RPM International by 0.5% in the second quarter. Buffington Mohr McNeal now owns 19,570 shares of the specialty chemicals company’s stock worth $1,068,000 after buying an additional 100 shares during the last quarter. US Bancorp DE increased its stake in RPM International by 0.4% in the first quarter. US Bancorp DE now owns 35,552 shares of the specialty chemicals company’s stock worth $1,957,000 after buying an additional 147 shares during the last quarter. Flinton Capital Management LLC increased its stake in RPM International by 4.1% in the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock worth $248,000 after buying an additional 176 shares during the last quarter. Finally, Huntington National Bank increased its stake in RPM International by 1.1% in the first quarter. Huntington National Bank now owns 17,621 shares of the specialty chemicals company’s stock worth $970,000 after buying an additional 200 shares during the last quarter. 72.65% of the stock is owned by institutional investors and hedge funds.
RPM International Inc. (RPM) traded up 0.43% during mid-day trading on Monday, hitting $51.43. 136,740 shares of the stock were exchanged. RPM International Inc. has a one year low of $46.25 and a one year high of $56.48. The company has a 50-day moving average price of $54.46 and a 200-day moving average price of $53.53. The company has a market cap of $6.87 billion, a P/E ratio of 37.68 and a beta of 1.54.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, analysts predict that RPM International Inc. will post $2.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, July 13th. RPM International’s dividend payout ratio is currently 90.91%.
A number of research firms have recently weighed in on RPM. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Tuesday, May 2nd. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating and set a $49.00 price target on shares of RPM International in a research report on Tuesday, June 13th. Finally, Bank of America Corporation decreased their price target on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. RPM International presently has a consensus rating of “Hold” and a consensus target price of $58.00.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the transaction, the senior vice president now directly owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.
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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