North Point Portfolio Managers Corp OH Sells 1,183 Shares of RPM International Inc. $RPM

North Point Portfolio Managers Corp OH cut its holdings in shares of RPM International Inc. (NYSE:RPM) by 1.1% during the second quarter, Holdings Channel.com reports. The fund owned 102,606 shares of the specialty chemicals company’s stock after selling 1,183 shares during the period. RPM International accounts for approximately 1.9% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 29th largest position. North Point Portfolio Managers Corp OH’s holdings in RPM International were worth $11,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. GW&K Investment Management LLC raised its holdings in RPM International by 0.3% during the first quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company’s stock valued at $70,370,000 after acquiring an additional 2,048 shares during the period. Boston Trust Walden Corp increased its holdings in shares of RPM International by 18.1% in the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after purchasing an additional 92,358 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of RPM International by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after purchasing an additional 33,016 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of RPM International by 6.3% in the first quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock worth $32,204,000 after purchasing an additional 16,549 shares during the last quarter. Finally, Fairway Wealth LLC increased its holdings in shares of RPM International by 50,413.3% in the first quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company’s stock worth $25,536,000 after purchasing an additional 220,306 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Royal Bank Of Canada reduced their target price on RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. BMO Capital Markets lifted their target price on RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RPM International in a report on Wednesday, October 8th. Finally, Morgan Stanley lifted their target price on RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, RPM International presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.70.

Insider Activity

In other news, Director Frederick R. Nance sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 7,394 shares of the company’s stock, valued at approximately $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

RPM International Trading Down 0.7%

Shares of NYSE RPM opened at $111.90 on Monday. The business’s 50 day moving average is $120.96 and its two-hundred day moving average is $114.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79. The stock has a market capitalization of $14.35 billion, a P/E ratio of 20.92, a PEG ratio of 2.04 and a beta of 1.03.

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

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 1.9%. RPM International’s payout ratio is presently 38.13%.

RPM International 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.