RPM International Inc. $RPM Shares Sold by Putney Financial Group LLC

Putney Financial Group LLC trimmed its position in RPM International Inc. (NYSE:RPM) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,961 shares of the specialty chemicals company’s stock after selling 267 shares during the period. Putney Financial Group LLC’s holdings in RPM International were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Strs Ohio lifted its position in shares of RPM International by 27.6% in the second quarter. Strs Ohio now owns 16,615 shares of the specialty chemicals company’s stock valued at $1,825,000 after acquiring an additional 3,592 shares in the last quarter. Curio Wealth LLC raised its stake in RPM International by 65,900.0% in the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 659 shares during the last quarter. Tributary Capital Management LLC raised its stake in RPM International by 3.5% in the 2nd quarter. Tributary Capital Management LLC now owns 10,106 shares of the specialty chemicals company’s stock valued at $1,110,000 after purchasing an additional 342 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in RPM International by 3.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 24,371 shares of the specialty chemicals company’s stock valued at $2,677,000 after purchasing an additional 847 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in RPM International by 2.8% during the 2nd quarter. Whittier Trust Co. now owns 47,266 shares of the specialty chemicals company’s stock worth $5,191,000 after purchasing an additional 1,307 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RPM shares. UBS Group upped their target price on shares of RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Mizuho upped their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on shares of RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of RPM International in a research note on Wednesday, October 8th. Finally, Morgan Stanley upped their price target on RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, RPM International has an average rating of “Moderate Buy” and an average target price of $130.70.

RPM International Price Performance

RPM International stock opened at $108.67 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $118.74 and a 200 day moving average price of $115.04. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79. The stock has a market cap of $13.93 billion, a P/E ratio of 20.31, a PEG ratio of 1.97 and a beta of 1.03.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. RPM International’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 EPS. Sell-side analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be given a $0.54 dividend. The ex-dividend date is Monday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 2.0%. RPM International’s dividend payout ratio (DPR) is currently 40.37%.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the sale, the director owned 7,394 shares of the company’s stock, valued at $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.