Fieldpoint Private Securities LLC Has $753,000 Holdings in RPM International Inc. (RPM)
Fieldpoint Private Securities LLC raised its stake in RPM International Inc. (NYSE:RPM) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,805 shares of the specialty chemicals company’s stock after acquiring an additional 200 shares during the period. Fieldpoint Private Securities LLC’s holdings in RPM International were worth $753,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in RPM International by 4.1% in the 1st quarter. State Street Corp now owns 6,533,969 shares of the specialty chemicals company’s stock worth $359,572,000 after buying an additional 257,980 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of RPM International by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,632,118 shares of the specialty chemicals company’s stock valued at $89,031,000 after purchasing an additional 11,882 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of RPM International by 9.2% during the first quarter. Geode Capital Management LLC now owns 983,053 shares of the specialty chemicals company’s stock valued at $54,097,000 after purchasing an additional 82,981 shares during the last quarter. GW&K Investment Management LLC lifted its position in RPM International by 17.6% during the second quarter. GW&K Investment Management LLC now owns 887,994 shares of the specialty chemicals company’s stock valued at $48,440,000 after purchasing an additional 133,104 shares during the period. Finally, TimesSquare Capital Management LLC lifted its position in RPM International by 13.4% during the second quarter. TimesSquare Capital Management LLC now owns 730,100 shares of the specialty chemicals company’s stock valued at $39,827,000 after purchasing an additional 86,400 shares during the period. 73.49% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research firms have commented on RPM. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, June 7th. BidaskClub raised RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 price target on shares of RPM International in a research note on Tuesday, June 13th. Bank of America Corporation cut 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. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $56.00 price target on shares of RPM International in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. RPM International currently has an average rating of “Hold” and an average target price of $57.71.
Shares of RPM International Inc. (RPM) traded up 0.64% during mid-day trading on Monday, hitting $51.67. 233,016 shares of the stock were exchanged. The stock’s 50-day moving average price is $49.55 and its 200-day moving average price is $52.74. The company has a market cap of $6.90 billion, a P/E ratio of 37.85 and a beta of 1.55. RPM International Inc. has a 52-week low of $46.25 and a 52-week high of $56.48.
RPM International (NYSE:RPM) last announced its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $1.13 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that RPM International Inc. will post $2.88 earnings per share for the current fiscal year.
In related news, SVP Edward W. Moore sold 10,568 shares of the business’s stock in a transaction on Friday, July 28th. The shares were 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 owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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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