Nicholas Company Inc. lessened its position in shares of RPM International Inc. (NYSE:RPM) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,982 shares of the specialty chemicals company’s stock after selling 260 shares during the period. Nicholas Company Inc. owned about 0.09% of RPM International worth $6,217,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont grew its holdings in RPM International by 116.9% during the 2nd quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock worth $154,000 after acquiring an additional 1,520 shares in the last quarter. DF Dent & Co. Inc. grew its holdings in RPM International by 7.0% during the 1st quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock worth $241,000 after acquiring an additional 285 shares in the last quarter. Airain ltd acquired a new position in RPM International during the 1st quarter worth approximately $295,000. Meadow Creek Investment Management LLC grew its holdings in RPM International by 4.1% during the 1st quarter. Meadow Creek Investment Management LLC now owns 6,204 shares of the specialty chemicals company’s stock worth $341,000 after acquiring an additional 242 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in RPM International by 52.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock worth $416,000 after acquiring an additional 2,623 shares in the last quarter. Institutional investors own 74.00% of the company’s stock.
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RPM International Inc. (RPM) opened at 50.50 on Friday. The firm has a market cap of $6.75 billion, a PE 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. The stock has a 50 day moving average of $49.64 and a 200 day moving average of $52.80.
RPM International (NYSE:RPM) last released its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.15). RPM International had a return on equity of 25.02% and a net margin of 3.67%. The company 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 business posted $1.13 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts forecast that RPM International Inc. will post $2.88 earnings per share for the current year.
In other news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction that occurred on 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 $4,816,249.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.
Several research analysts have commented on the stock. Robert W. Baird reiterated a “hold” rating and set a $56.00 price target on shares of RPM International in a report on Friday, September 1st. Zacks Investment Research cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub cut shares of RPM International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. RPM International presently has a consensus rating of “Hold” and an average price target of $57.71.
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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