Teachers Retirement System of The State of Kentucky cut its position in shares of RPM International Inc. (NYSE:RPM – Get Rating) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,592 shares of the specialty chemicals company's stock after selling 1,200 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in RPM International were worth $1,433,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in RPM. Jones Financial Companies Lllp purchased a new stake in RPM International in the 1st quarter valued at about $36,000. James Reed Financial Services Inc. purchased a new stake in RPM International in the 4th quarter valued at about $74,000. Farmers & Merchants Investments Inc. boosted its position in RPM International by 200.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 802 shares of the specialty chemicals company's stock valued at $65,000 after buying an additional 535 shares during the period. Cyrus J. Lawrence LLC purchased a new stake in RPM International in the 1st quarter valued at about $68,000. Finally, Archer Investment Corp boosted its position in RPM International by 113.0% in the 1st quarter. Archer Investment Corp now owns 1,225 shares of the specialty chemicals company's stock valued at $100,000 after buying an additional 650 shares during the period. 81.69% of the stock is owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. StockNews.com cut shares of RPM International from a "buy" rating to a "hold" rating in a research report on Friday, September 9th. BMO Capital Markets boosted their price objective on shares of RPM International from $104.00 to $111.00 and gave the company an "outperform" rating in a research report on Thursday, August 25th. TheStreet raised shares of RPM International from a "c+" rating to a "b" rating in a research report on Monday, July 25th. Credit Suisse Group assumed coverage on shares of RPM International in a research report on Monday, June 27th. They issued an "outperform" rating and a $95.00 price target for the company. Finally, Bank of America lowered their price target on shares of RPM International from $90.00 to $78.00 and set an "underperform" rating for the company in a research report on Wednesday, July 13th. 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. According to data from MarketBeat.com, RPM International has a consensus rating of "Hold" and an average target price of $96.75.
Insider Buying and Selling at RPM International
In other RPM International news, SVP Edward W. Moore sold 2,108 shares of the company's stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $87.74, for a total transaction of $184,955.92. Following the transaction, the senior vice president now owns 56,086 shares in the company, valued at approximately $4,920,985.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at
the SEC website. In other RPM International news, Director Frederick R. Nance sold 2,600 shares of the company's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $89.24, for a total transaction of $232,024.00. Following the transaction, the director now owns 9,049 shares in the company, valued at approximately $807,532.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at
the SEC website. Also, SVP Edward W. Moore sold 2,108 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total transaction of $184,955.92. Following the completion of the sale, the senior vice president now owns 56,086 shares in the company, valued at approximately $4,920,985.64. The disclosure for this sale can be found
here. In the last quarter, insiders have sold 5,701 shares of company stock worth $506,370. 1.60% of the stock is owned by corporate insiders.
RPM International Trading Down 1.2 %
NYSE RPM opened at $85.66 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 1.05. The firm has a market cap of $11.05 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 4.24 and a beta of 0.94. The company has a 50 day moving average price of $90.85 and a 200 day moving average price of $85.76. RPM International Inc. has a 52 week low of $74.56 and a 52 week high of $101.48.
RPM International (NYSE:RPM – Get Rating) last posted its quarterly earnings data on Monday, July 25th. The specialty chemicals company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.02). The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. RPM International had a return on equity of 25.57% and a net margin of 7.33%. The company's revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 EPS. As a group, sell-side analysts forecast that RPM International Inc. will post 4.29 EPS for the current fiscal year.
RPM International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. RPM International's payout ratio is 42.22%.
About RPM International
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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and manufacturing industry; 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.
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