Beese Fulmer Investment Management Inc. bought a new position in RPM International Inc. (NYSE:RPM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,600 shares of the specialty chemicals company’s stock, valued at approximately $248,000.
A number of other institutional investors have also recently modified their holdings of RPM. Cullen Frost Bankers Inc. bought a new position in RPM International in the 2nd quarter worth $35,000. Machina Capital S.A.S. bought a new position in RPM International in the 2nd quarter worth $56,000. Bridger Capital Management LLC bought a new position in RPM International in the 3rd quarter worth $58,000. Putnam FL Investment Management Co. bought a new position in RPM International in the 2nd quarter worth $61,000. Finally, Schroder Investment Management Group bought a new position in RPM International in the 2nd quarter worth $75,000. 77.01% of the stock is owned by institutional investors.
RPM opened at $73.73 on Thursday. The firm has a 50-day simple moving average of $69.54 and a two-hundred day simple moving average of $64.22. RPM International Inc. has a 52 week low of $51.95 and a 52 week high of $74.59. The company has a market capitalization of $9.48 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.27. The company has a quick ratio of 1.04, a current ratio of 1.61 and a debt-to-equity ratio of 1.66.
RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. RPM International had a net margin of 5.43% and a return on equity of 25.98%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts expect that RPM International Inc. will post 3.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Friday, October 11th. This is an increase from RPM International’s previous quarterly dividend of $0.35. RPM International’s dividend payout ratio is 53.14%.
In related news, SVP Edward W. Moore sold 6,127 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $68.47, for a total value of $419,515.69. Following the completion of the transaction, the senior vice president now owns 57,998 shares of the company’s stock, valued at approximately $3,971,123.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Daberko sold 12,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $69.51, for a total transaction of $834,120.00. Following the completion of the transaction, the director now directly owns 18,665 shares of the company’s stock, valued at approximately $1,297,404.15. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on RPM shares. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Wednesday, July 24th. Seaport Global Securities reissued a “neutral” rating on shares of RPM International in a report on Monday, July 22nd. ValuEngine downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. BMO Capital Markets increased their price objective on shares of RPM International from $69.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, Vertical Research raised shares of RPM International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $72.00.
About RPM International
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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