RPM International Inc. (RPM) Stake Lifted by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. lifted its holdings in RPM International Inc. (NYSE:RPM) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,995 shares of the specialty chemicals company’s stock after purchasing an additional 200 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in RPM International were worth $1,854,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont grew 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 purchasing an additional 1,520 shares in the last quarter. DF Dent & Co. Inc. grew 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 purchasing an additional 285 shares in the last quarter. Airain ltd bought a new position in shares of RPM International in the first quarter worth $295,000. Meadow Creek Investment Management LLC grew its stake in shares of RPM International by 4.1% in the first quarter. Meadow Creek Investment Management LLC now owns 6,204 shares of the specialty chemicals company’s stock worth $341,000 after purchasing an additional 242 shares in the last quarter. Finally, World Asset Management Inc grew its stake in shares of RPM International by 14.8% in the first quarter. World Asset Management Inc now owns 9,968 shares of the specialty chemicals company’s stock worth $549,000 after purchasing an additional 1,288 shares in the last quarter. 74.00% of the stock is owned by institutional investors.
Shares of RPM International Inc. (RPM) opened at 50.50 on Friday. The stock has a 50 day moving average price of $49.64 and a 200 day moving average price of $52.80. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 37.00 and a beta of 1.55. 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 earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.15). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $1.13 earnings per share. On average, equities research analysts forecast that RPM International Inc. will post $2.88 EPS for the current year.
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Several research analysts have recently issued reports on RPM shares. Zacks Investment Research cut RPM International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Bank of America Corporation decreased their price target on RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. BidaskClub cut 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 target on shares of RPM International in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. RPM International has a consensus rating of “Hold” and a consensus price target of $57.71.
In other news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction 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 approximately $4,816,249.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company 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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