Bessemer Group Inc. grew its stake in shares of RPM International Inc. (NYSE:RPM) by 2.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 95,757 shares of the specialty chemicals company’s stock after buying an additional 2,348 shares during the period. Bessemer Group Inc. owned approximately 0.07% of RPM International worth $4,916,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Roffman Miller Associates Inc. PA raised its position in RPM International by 3.1% in the third quarter. Roffman Miller Associates Inc. PA now owns 419,212 shares of the specialty chemicals company’s stock worth $21,522,000 after purchasing an additional 12,479 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in RPM International during the third quarter worth about $3,973,000. Aperio Group LLC grew its stake in RPM International by 6.5% during the third quarter. Aperio Group LLC now owns 27,742 shares of the specialty chemicals company’s stock worth $1,424,000 after buying an additional 1,696 shares during the last quarter. Oakbrook Investments LLC grew its stake in shares of RPM International by 14.5% during the third quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock valued at $649,000 after purchasing an additional 1,600 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC grew its stake in shares of RPM International by 10.3% during the third quarter. SeaBridge Investment Advisors LLC now owns 150,690 shares of the specialty chemicals company’s stock valued at $7,736,000 after purchasing an additional 14,087 shares during the last quarter. 72.86% of the stock is owned by institutional investors and hedge funds.
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In other news, insider Ronald A. Rice sold 44,839 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total value of $2,324,005.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by insiders.
Shares of RPM International Inc. (RPM) traded down $0.04 during trading hours on Friday, hitting $51.36. 403,200 shares of the stock traded hands, compared to its average volume of 784,799. The firm has a market cap of $6,858.41, a PE ratio of 20.22, a PEG ratio of 2.28 and a beta of 1.54. The company has a quick ratio of 1.38, a current ratio of 2.16 and a debt-to-equity ratio of 1.20. RPM International Inc. has a one year low of $47.87 and a one year high of $56.48.
RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The company 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 business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period 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. Stockholders of record on Monday, October 16th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, October 13th. This is a boost from RPM International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.49%. RPM International’s payout ratio is presently 94.82%.
Several equities analysts recently weighed in on RPM shares. Robert W. Baird restated a “hold” rating and issued a $56.00 price objective on shares of RPM International in a report on Friday, September 1st. Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. TheStreet lowered shares of RPM International from a “b” rating to a “c+” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of RPM International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Bank of America Corporation decreased their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.00.
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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