Posted by admin on Aug 4th, 2022

SG Americas Securities LLC reduced its holdings in RPM International Inc. (NYSE:RPM – Get Rating) by 69.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,363 shares of the specialty chemicals company’s stock after selling 16,421 shares during the quarter. SG Americas Securities LLC’s holdings in RPM International were worth $600,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in shares of RPM International by 54.8% during the fourth quarter. Russell Investments Group Ltd. now owns 28,514 shares of the specialty chemicals company’s stock worth $2,865,000 after buying an additional 10,096 shares during the period. Raymond James Trust N.A. boosted its position in shares of RPM International by 44.0% during the fourth quarter. Raymond James Trust N.A. now owns 13,247 shares of the specialty chemicals company’s stock worth $1,338,000 after buying an additional 4,045 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in shares of RPM International during the fourth quarter worth about $237,000. New York State Common Retirement Fund boosted its position in RPM International by 3.2% during the fourth quarter. New York State Common Retirement Fund now owns 144,065 shares of the specialty chemicals company’s stock valued at $14,551,000 after purchasing an additional 4,530 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in RPM International by 1.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 116,016 shares of the specialty chemicals company’s stock valued at $11,718,000 after purchasing an additional 1,587 shares during the last quarter. 79.96% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the company. BMO Capital Markets reduced their price target on RPM International from $115.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. Bank of America reduced their price target on RPM International from $90.00 to $78.00 and set an “underperform” rating for the company in a research report on Wednesday, July 13th. StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Wells Fargo & Company reduced their price target on RPM International from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. Finally, TheStreet raised RPM International from a “c+” rating to a “b” rating in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RPM International currently has a consensus rating of “Hold” and an average target price of $96.75.

In other RPM International news, SVP Edward W. Moore sold 2,108 shares of the firm’s 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 transaction, the senior vice president now owns 56,086 shares in the company, valued at approximately $4,920,985.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other RPM International news, VP Matthew T. Ratajczak sold 993 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $90.02, for a total transaction of $89,389.86. Following the transaction, the vice president now owns 55,546 shares in the company, valued at approximately $5,000,250.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Edward W. Moore sold 2,108 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total value 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 disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Shares of NYSE RPM opened at $90.12 on Thursday. The firm has a market cap of $11.63 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 4.29 and a beta of 0.96. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. RPM International Inc. has a 1-year low of $74.56 and a 1-year high of $101.48. The business’s 50 day moving average is $83.21 and its 200-day moving average is $84.20.

RPM International (NYSE:RPM – Get Rating) last announced its earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates 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%. RPM International’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. Equities research analysts predict that RPM International Inc. will post 4.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. RPM International’s dividend payout ratio (DPR) is currently 42.22%.

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the 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; and insulated building cladding materials and concrete form wall systems.

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