RPM International Inc. (RPM) Position Decreased by Tradition Capital Management LLC
Tradition Capital Management LLC reduced its position in shares of RPM International Inc. (NYSE:RPM) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,755 shares of the specialty chemicals company’s stock after selling 1,832 shares during the period. Tradition Capital Management LLC’s holdings in RPM International were worth $1,664,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPM. Advisory Services Network LLC raised its position in RPM International by 2.7% in the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after acquiring an additional 57 shares during the period. Elefante Mark B bought a new stake in RPM International in the fourth quarter worth about $213,000. Opus Capital Group LLC bought a new stake in RPM International in the fourth quarter worth about $219,000. Flinton Capital Management LLC raised its position in RPM International by 52.1% in the second quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock worth $374,000 after acquiring an additional 2,352 shares during the period. Finally, Albion Financial Group UT raised its position in RPM International by 1.1% in the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock worth $468,000 after acquiring an additional 95 shares during the period. 75.59% of the stock is currently owned by institutional investors.
In other news, SVP Edward W. Moore sold 2,578 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the sale, the senior vice president now owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Frank C. Sullivan sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the completion of the sale, the chairman now directly owns 1,188,489 shares in the company, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. equities analysts forecast that RPM International Inc. will post 3.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Tuesday, January 16th. RPM International’s dividend payout ratio (DPR) is currently 49.42%.
Several brokerages have commented on RPM. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, January 9th. TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. RPM International has a consensus rating of “Hold” and a consensus target price of $57.86.
RPM International Company Profile
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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