Bartlett & Co. LLC purchased a new stake in shares of RPM International Inc. (NYSE:RPM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 400 shares of the specialty chemicals company’s stock, valued at approximately $28,000.
Several other hedge funds have also added to or reduced their stakes in RPM. Cullen Frost Bankers Inc. bought a new position in shares of RPM International during the second quarter valued at $35,000. Machina Capital S.A.S. bought a new position in RPM International during the second quarter worth $56,000. Bridger Capital Management LLC bought a new position in RPM International during the third quarter worth $58,000. Putnam FL Investment Management Co. bought a new position in RPM International during the second quarter worth $61,000. Finally, Schroder Investment Management Group bought a new position in RPM International during the second quarter worth $75,000. 76.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE RPM traded up $0.03 during mid-day trading on Wednesday, reaching $72.80. 855,027 shares of the company’s stock traded hands, compared to its average volume of 701,217. RPM International Inc. has a 1-year low of $51.95 and a 1-year high of $75.88. The stock has a market cap of $9.44 billion, a P/E ratio of 26.86, a PEG ratio of 1.28 and a beta of 1.25. The business has a 50-day simple moving average of $72.61 and a 200 day simple moving average of $66.06. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.61 and a quick ratio of 1.04.
RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. RPM International had a net margin of 5.43% and a return on equity of 25.98%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts anticipate that RPM International Inc. will post 3.37 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on RPM shares. UBS Group started coverage on shares of RPM International in a research note on Thursday, October 10th. They set a “buy” rating and a $85.00 target price for the company. Vertical Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Co assumed coverage on shares of RPM International in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $80.00 price target for the company. BMO Capital Markets lifted their price target on shares of RPM International from $69.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $71.71.
In other news, SVP Edward W. Moore sold 6,127 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $68.47, for a total value of $419,515.69. Following the sale, the senior vice president now owns 57,998 shares of the company’s stock, valued at $3,971,123.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David A. Daberko sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $69.51, for a total transaction of $834,120.00. Following the completion of the sale, the director now directly owns 18,665 shares in the company, valued at approximately $1,297,404.15. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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