Amalgamated Bank Sells 5,213 Shares of RPM International Inc. (NYSE:RPM)

Amalgamated Bank trimmed its position in RPM International Inc. (NYSE:RPM) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,363 shares of the specialty chemicals company’s stock after selling 5,213 shares during the quarter. Amalgamated Bank owned approximately 0.05% of RPM International worth $7,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of RPM International in the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new position in RPM International in the 1st quarter valued at about $38,000. Cambridge Trust Co. grew its stake in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 246 shares during the last quarter. Versant Capital Management Inc grew its stake in RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 318 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in RPM International in the 2nd quarter valued at about $45,000. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

RPM has been the topic of a number of research reports. UBS Group decreased their price target on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Vertical Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Tuesday, July 16th. Mizuho decreased their target price on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company increased their target price on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets decreased their target price on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $122.22.

Insider Activity at RPM International

In related news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

RPM International Stock Performance

NYSE RPM opened at $124.97 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 1.83 and a beta of 1.00. The firm’s 50 day simple moving average is $115.95 and its 200 day simple moving average is $113.27. RPM International Inc. has a 1 year low of $88.84 and a 1 year high of $125.35.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.56. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. As a group, research analysts expect that RPM International Inc. will post 5.51 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.47%. The ex-dividend date was Wednesday, July 17th. RPM International’s payout ratio is 42.40%.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.