LS Investment Advisors LLC Acquires 1,805 Shares of RPM International Inc. (NYSE:RPM)
LS Investment Advisors LLC raised its position in RPM International Inc. (NYSE:RPM) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,843 shares of the specialty chemicals company’s stock after buying an additional 1,805 shares during the period. LS Investment Advisors LLC’s holdings in RPM International were worth $701,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of 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 position in 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 valued at $154,000 after buying an additional 1,520 shares during the last quarter. Timber Hill LLC purchased a new position in RPM International during the first quarter valued at about $234,000. DF Dent & Co. Inc. increased 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 last quarter. Finally, Flinton Capital Management LLC increased 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 last quarter. 72.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of RPM International Inc. (RPM) traded down 0.78% during mid-day trading on Friday, hitting $48.44. 1,709,363 shares of the stock were exchanged. The stock has a market cap of $6.47 billion, a PE ratio of 35.49 and a beta of 1.54. The company has a 50-day moving average of $52.49 and a 200 day moving average of $53.27. RPM International Inc. has a one year low of $46.25 and a one year 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 (EPS) for the quarter, missing the consensus estimate of $1.17 by $0.15. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. RPM International’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 EPS. On average, equities analysts predict that RPM International Inc. will post $2.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, July 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.48%. RPM International’s dividend payout ratio (DPR) is 90.91%.
Several equities research analysts have weighed in on RPM shares. Wellington Shields raised RPM International from a “hold” rating to an “accumulate” rating in a research report on Friday. 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 increased their target price 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 target price on the stock in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $49.00 target price on shares of RPM International in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. RPM International has an average rating of “Hold” and a consensus target price of $58.00.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $52.04, for a total transaction of $549,958.72. Following the transaction, the senior vice president now directly owns 92,549 shares in the company, valued at approximately $4,816,249.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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