Osborn Williams & Donohoe LLC raised its stake in RPM International Inc. (NYSE:RPM) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,515 shares of the specialty chemicals company’s stock after purchasing an additional 5,359 shares during the period. RPM International accounts for approximately 1.2% of Osborn Williams & Donohoe LLC’s investment portfolio, making the stock its 19th largest holding. Osborn Williams & Donohoe LLC owned about 0.14% of RPM International worth $11,337,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of RPM. Geode Capital Management LLC grew its stake in shares of RPM International by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock worth $75,428,000 after acquiring an additional 88,197 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of RPM International by 4.2% during the first quarter. Diamond Hill Capital Management Inc. now owns 1,207,878 shares of the specialty chemicals company’s stock worth $70,105,000 after acquiring an additional 48,379 shares during the last quarter. Norges Bank purchased a new stake in shares of RPM International during the fourth quarter worth about $63,851,000. Ellis Investment Partners LLC grew its stake in shares of RPM International by 5,704.0% during the first quarter. Ellis Investment Partners LLC now owns 541,048 shares of the specialty chemicals company’s stock worth $541,000 after acquiring an additional 531,726 shares during the last quarter. Finally, Vaughan David Investments LLC IL grew its stake in shares of RPM International by 1.2% during the first quarter. Vaughan David Investments LLC IL now owns 437,734 shares of the specialty chemicals company’s stock worth $25,406,000 after acquiring an additional 5,260 shares during the last quarter. Institutional investors own 77.51% of the company’s stock.
In other RPM International news, Director Frederick R. Nance sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $66.54, for a total value of $73,194.00. Following the completion of the transaction, the director now directly owns 16,581 shares of the company’s stock, valued at $1,103,299.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.
RPM has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on RPM International from $69.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday. TheStreet upgraded RPM International from a “c+” rating to an “a-” rating in a research note on Monday, July 22nd. Seaport Global Securities restated a “neutral” rating on shares of RPM International in a research note on Monday, July 22nd. ValuEngine upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, June 22nd. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of RPM International in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.50.
Shares of RPM International stock traded up $0.78 on Wednesday, reaching $67.68. 37,884 shares of the stock were exchanged, compared to its average volume of 762,967. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.64 and a quick ratio of 1.09. RPM International Inc. has a twelve month low of $51.95 and a twelve month high of $68.86. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company has a 50 day simple moving average of $63.14.
RPM International (NYSE:RPM) last released its earnings results on Monday, July 22nd. The specialty chemicals company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.10. RPM International had a return on equity of 23.46% and a net margin of 4.79%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts predict that RPM International Inc. will post 3.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Monday, July 15th. RPM International’s payout ratio is presently 51.66%.
RPM International Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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