RPM International Inc. (RPM) Shares Bought by Paloma Partners Management Co
Paloma Partners Management Co raised its position in shares of RPM International Inc. (NYSE:RPM) by 4.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,166 shares of the specialty chemicals company’s stock after buying an additional 598 shares during the period. Paloma Partners Management Co’s holdings in RPM International were worth $725,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in RPM International during the first quarter worth $116,000. Timber Hill LLC bought a new position in shares of RPM International during the first quarter worth $234,000. DF Dent & Co. Inc. raised its position in RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares during the period. Flinton Capital Management LLC raised its position in RPM International by 4.1% in the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock valued at $248,000 after buying an additional 176 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. acquired a new position in RPM International during the fourth quarter valued at approximately $252,000. 72.65% of the stock is owned by institutional investors and hedge funds.
RPM International Inc. (RPM) traded down 1.29% on Tuesday, reaching $50.35. 910,627 shares of the company’s stock were exchanged. RPM International Inc. has a one year low of $46.25 and a one year high of $56.48. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 36.89 and a beta of 1.54. The firm has a 50 day moving average of $54.09 and a 200-day moving average of $53.48.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company earned $1.13 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts forecast that RPM International Inc. will post $2.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Thursday, July 13th. RPM International’s dividend payout ratio (DPR) is 90.91%.
RPM has been the topic of several recent analyst reports. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research note on Tuesday, May 16th. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $49.00 price target on shares of RPM International in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.00.
In other news, SVP Edward W. Moore sold 10,568 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now directly owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.
RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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