Anderson Hoagland & Co. lessened its holdings in RPM International Inc. (NYSE:RPM) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,751 shares of the specialty chemicals company’s stock after selling 901 shares during the period. Anderson Hoagland & Co.’s holdings in RPM International were worth $1,134,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Winfield Associates Inc. bought a new stake in shares of RPM International in the 2nd quarter worth $196,000. Carroll Financial Associates Inc. raised its stake in shares of RPM International by 4,900.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,350 shares of the specialty chemicals company’s stock worth $82,000 after buying an additional 1,323 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of RPM International by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 53,336 shares of the specialty chemicals company’s stock worth $3,259,000 after buying an additional 389 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of RPM International by 49.2% during the second quarter. Oakbrook Investments LLC now owns 14,850 shares of the specialty chemicals company’s stock worth $907,000 after purchasing an additional 4,900 shares during the period. Finally, Machina Capital S.A.S. acquired a new stake in shares of RPM International during the second quarter worth $56,000. Institutional investors own 77.49% of the company’s stock.
In other news, Director Frederick R. Nance sold 1,100 shares of RPM International stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $66.54, for a total transaction of $73,194.00. Following the transaction, the director now owns 16,581 shares in the company, valued at $1,103,299.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Edward W. Moore sold 6,127 shares of RPM International stock in a transaction on Monday, October 7th. The shares were sold at an average price of $68.47, for a total value of $419,515.69. Following the transaction, the senior vice president now owns 57,998 shares in the company, valued at approximately $3,971,123.06. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. RPM International had a return on equity of 25.98% and a net margin of 5.43%. RPM International’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts anticipate that RPM International Inc. will post 3.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.36 per share. This is an increase from RPM International’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, October 11th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.15%. RPM International’s payout ratio is currently 51.66%.
A number of brokerages have recently issued reports on RPM. Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Wednesday, July 24th. BMO Capital Markets boosted their target price on RPM International from $69.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Northcoast Research reaffirmed a “neutral” rating on shares of RPM International in a research report on Thursday, July 25th. Robert W. Baird set a $72.00 target price on RPM International and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Finally, Vertical Group raised RPM International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $69.00.
RPM International Profile
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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