Opus Capital Group LLC Sells 2,561 Shares of RPM International Inc. (RPM)
Opus Capital Group LLC cut its position in shares of RPM International Inc. (NYSE:RPM) by 40.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,711 shares of the specialty chemicals company’s stock after selling 2,561 shares during the period. Opus Capital Group LLC’s holdings in RPM International were worth $203,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. 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 boosted its position 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 in the last quarter. Timber Hill LLC acquired a new position in shares of RPM International during the first quarter worth about $234,000. DF Dent & Co. Inc. boosted its position 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 in the last quarter. Finally, Flinton Capital Management LLC boosted its position 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 in the last quarter. Institutional investors own 72.56% of the company’s stock.
RPM International Inc. (NYSE RPM) opened at 48.44 on Monday. The firm has a market cap of $6.47 billion, a PE ratio of 35.49 and a beta of 1.54. RPM International Inc. has a 52 week low of $46.25 and a 52 week high of $56.48. The stock has a 50 day moving average of $52.49 and a 200-day moving average of $53.27.
RPM International (NYSE:RPM) last announced its 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. The business 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 company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 EPS. Analysts expect that RPM International Inc. will post $2.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, July 13th. RPM International’s dividend payout ratio (DPR) is presently 90.91%.
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A number of brokerages have recently issued reports on RPM. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Saturday, May 20th. BidaskClub cut shares of RPM International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday. Royal Bank Of Canada restated a “hold” rating and issued a $49.00 price objective on shares of RPM International in a research note on Tuesday, June 13th. Finally, Bank of America Corporation dropped their price objective on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $58.00.
In related news, SVP Edward W. Moore sold 10,568 shares of the business’s 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 completion of the transaction, the senior vice president now owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.
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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