Pacer Advisors Inc. Grows Holdings in RPM International Inc. (RPM)
Pacer Advisors Inc. grew its holdings in RPM International Inc. (NYSE:RPM) by 13.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,359 shares of the specialty chemicals company’s stock after purchasing an additional 2,612 shares during the quarter. Pacer Advisors Inc.’s holdings in RPM International were worth $1,097,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quantbot Technologies LP lifted its stake in RPM International by 72.3% in the 3rd quarter. Quantbot Technologies LP now owns 35,073 shares of the specialty chemicals company’s stock worth $1,800,000 after purchasing an additional 14,723 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in RPM International by 33.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 40,922 shares of the specialty chemicals company’s stock worth $2,101,000 after purchasing an additional 10,265 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in RPM International by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,657,651 shares of the specialty chemicals company’s stock worth $85,103,000 after purchasing an additional 25,533 shares in the last quarter. Wellington Shields Capital Management LLC lifted its stake in RPM International by 176.6% in the 3rd quarter. Wellington Shields Capital Management LLC now owns 33,750 shares of the specialty chemicals company’s stock worth $1,733,000 after purchasing an additional 21,550 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in RPM International by 2.5% in the 3rd quarter. Bessemer Group Inc. now owns 95,757 shares of the specialty chemicals company’s stock worth $4,916,000 after purchasing an additional 2,348 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.
In other RPM International news, insider Ronald A. Rice sold 44,839 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total value of $2,324,005.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by insiders.
RPM International Inc. (NYSE RPM) traded down $0.14 during mid-day trading on Friday, hitting $52.23. 383,100 shares of the stock traded hands, compared to its average volume of 775,987. The stock has a market cap of $6,974.58, a price-to-earnings ratio of 20.56, a PEG ratio of 2.32 and a beta of 1.54. The company has a current ratio of 2.16, a quick ratio of 1.38 and a debt-to-equity ratio of 1.20. RPM International Inc. has a 1 year low of $47.87 and a 1 year high of $56.48.
RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. sell-side analysts forecast that RPM International Inc. will post 2.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were given a $0.32 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.45%. RPM International’s payout ratio is presently 94.82%.
RPM International 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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