Bank of New York Mellon Corp grew its holdings in shares of RPM International Inc. (NYSE:RPM) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,657,651 shares of the specialty chemicals company’s stock after purchasing an additional 25,533 shares during the period. Bank of New York Mellon Corp owned approximately 1.24% of RPM International worth $85,103,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC lifted its holdings in shares of RPM International by 2.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after purchasing an additional 57 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of RPM International by 52.1% during the 2nd quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock valued at $374,000 after purchasing an additional 2,352 shares during the last quarter. Airain ltd lifted its holdings in shares of RPM International by 40.6% during the 2nd quarter. Airain ltd now owns 7,524 shares of the specialty chemicals company’s stock valued at $410,000 after purchasing an additional 2,172 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of RPM International by 52.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock valued at $416,000 after purchasing an additional 2,623 shares during the last quarter. Finally, Albion Financial Group UT lifted its holdings in shares of RPM International by 1.1% during the 2nd quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock valued at $468,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.
A number of equities analysts recently issued reports on the company. BidaskClub lowered RPM International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Wellington Shields upgraded RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday, August 18th. TheStreet lowered RPM International from a “b” rating to a “c+” rating in a research note on Wednesday, October 4th. Zacks Investment Research upgraded RPM International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $51.00 target price on shares of RPM International in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $57.33.
In other RPM International news, insider Ronald A. Rice sold 44,839 shares of RPM International stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total transaction of $2,324,005.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.
Shares of RPM International Inc. (NYSE RPM) traded up $0.07 during mid-day trading on Monday, reaching $52.30. The company had a trading volume of 206,200 shares, compared to its average volume of 773,477. The stock has a market cap of $6,980.00, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.16 and a quick ratio of 1.38. RPM International Inc. has a one year low of $47.87 and a one year high of $56.48.
RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. equities analysts predict that RPM International Inc. will post 2.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, October 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from RPM International’s previous quarterly dividend of $0.30. RPM International’s dividend payout ratio (DPR) is presently 99.22%.
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RPM International 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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