RPM International Inc. (NYSE:RPM) Shares Bought by Buffington Mohr McNeal
Buffington Mohr McNeal raised its position in RPM International Inc. (NYSE:RPM) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,570 shares of the specialty chemicals company’s stock after buying an additional 100 shares during the period. Buffington Mohr McNeal’s holdings in RPM International were worth $1,068,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of RPM International during the first quarter worth about $116,000. Trust Co. of Vermont increased its stake in shares of RPM International by 116.9% in the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock worth $154,000 after buying an additional 1,520 shares during the period. Timber Hill LLC purchased a new stake in shares of RPM International during the first quarter worth $234,000. DF Dent & Co. Inc. increased its stake in shares of 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 worth $241,000 after buying an additional 285 shares during the period. Finally, Flinton Capital Management LLC increased its stake in shares of 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 worth $248,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 72.65% of the company’s stock.
Shares of RPM International Inc. (RPM) opened at 51.01 on Tuesday. The firm has a market capitalization of $6.82 billion, a PE ratio of 37.37 and a beta of 1.54. The stock’s 50 day moving average is $54.46 and its 200 day moving average is $53.53. RPM International Inc. has a 52-week low of $46.25 and a 52-week high of $56.48.
RPM International (NYSE:RPM) last released its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.17 by $0.15. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. On average, equities research analysts forecast that RPM International Inc. will post $2.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were issued a $0.30 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. RPM International’s payout ratio is currently 90.91%.
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RPM has been the subject of a number of recent analyst reports. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $60.00 in a report on Tuesday, May 16th. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. BidaskClub downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $49.00 price objective on shares of RPM International in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.00.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the transaction, the senior vice president now owns 92,549 shares in the company, valued at $4,816,249.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.
About RPM International
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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