DF Dent & Co. Inc. Has $239,000 Stake in RPM International Inc. (RPM)
DF Dent & Co. Inc. held its stake in RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,385 shares of the specialty chemicals company’s stock at the close of the 2nd quarter. DF Dent & Co. Inc.’s holdings in RPM International were worth $239,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of RPM. Trust Co. of Vermont increased its stake in RPM International by 116.9% in the 2nd 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. Flinton Capital Management LLC increased its stake in RPM International by 52.1% in the 2nd quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock worth $374,000 after buying an additional 2,352 shares in the last quarter. Airain ltd increased its stake in RPM International by 40.6% in the 2nd quarter. Airain ltd now owns 7,524 shares of the specialty chemicals company’s stock worth $410,000 after buying an additional 2,172 shares in the last quarter. Riverhead Capital Management LLC increased its stake in RPM International by 52.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock worth $416,000 after buying an additional 2,623 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in RPM International in the 2nd quarter worth $526,000. Institutional investors and hedge funds own 73.49% of the company’s stock.
RPM has been the subject of a number of analyst reports. BidaskClub lowered RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. 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. Zacks Investment Research upgraded RPM International from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Wellington Shields upgraded RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday, August 18th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $56.00 price target on shares of RPM International in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.00.
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In related news, SVP Edward W. Moore sold 10,568 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $52.04, for a total transaction 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 filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.
RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, October 13th. This is a boost from RPM International’s previous quarterly dividend of $0.30. RPM International’s dividend payout ratio is currently 88.89%.
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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