Silvercrest Asset Management Group LLC Has $4.67 Million Holdings in RPM International Inc. (NYSE:RPM)

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Silvercrest Asset Management Group LLC lessened its holdings in shares of RPM International Inc. (NYSE:RPM) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 76,350 shares of the specialty chemicals company’s stock after selling 5,000 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.06% of RPM International worth $4,666,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RPM. Geode Capital Management LLC grew its position in RPM International by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock worth $75,428,000 after acquiring an additional 88,197 shares during the last quarter. Vaughan David Investments LLC IL increased its holdings in RPM International by 1.2% during the 1st quarter. Vaughan David Investments LLC IL now owns 437,734 shares of the specialty chemicals company’s stock worth $25,406,000 after purchasing an additional 5,260 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in RPM International by 0.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 262,415 shares of the specialty chemicals company’s stock worth $15,231,000 after purchasing an additional 1,753 shares in the last quarter. Godshalk Welsh Capital Management Inc. grew its holdings in shares of RPM International by 12.2% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 11,005 shares of the specialty chemicals company’s stock valued at $639,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Capital Management Associates NY grew its holdings in shares of RPM International by 50.3% in the 1st quarter. Capital Management Associates NY now owns 14,650 shares of the specialty chemicals company’s stock valued at $850,000 after acquiring an additional 4,900 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Frederick R. Nance sold 1,100 shares of RPM International stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $66.54, for a total value of $73,194.00. Following the sale, the director now owns 16,581 shares of the company’s stock, valued at approximately $1,103,299.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Shares of RPM traded up $1.02 during midday trading on Thursday, hitting $68.96. The stock had a trading volume of 250,949 shares, compared to its average volume of 555,349. RPM International Inc. has a 1 year low of $51.95 and a 1 year high of $69.90. The firm has a market cap of $8.81 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.64 and a quick ratio of 1.09. The stock’s 50 day moving average is $67.50 and its 200 day moving average is $61.54.

RPM International (NYSE:RPM) last issued its earnings results on Monday, July 22nd. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.10. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. RPM International had a net margin of 4.79% and a return on equity of 23.46%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. As a group, equities research analysts expect that RPM International Inc. will post 3.36 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on RPM shares. Robert W. Baird set a $72.00 price target on shares of RPM International and gave the company a “hold” rating in a research report on Wednesday, August 21st. Northcoast Research restated a “neutral” rating on shares of RPM International in a report on Thursday, July 25th. TheStreet upgraded shares of RPM International from a “c+” rating to an “a-” rating in a report on Monday, July 22nd. Seaport Global Securities reaffirmed a “neutral” rating on shares of RPM International in a research report on Monday, July 22nd. Finally, BMO Capital Markets increased their target price on shares of RPM International from $69.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $69.00.

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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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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