Tredje AP fonden Sells 202 Shares of RPM International Inc. (NYSE:RPM)

Tredje AP fonden lowered its stake in RPM International Inc. (NYSE:RPM) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,111 shares of the specialty chemicals company’s stock after selling 202 shares during the quarter. Tredje AP fonden’s holdings in RPM International were worth $1,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in RPM International by 14.3% during the first quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock valued at $96,000 after purchasing an additional 101 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in RPM International by 3.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock worth $456,000 after buying an additional 110 shares during the period. Summit Financial LLC increased its stake in RPM International by 5.9% in the 2nd quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock worth $271,000 after buying an additional 141 shares in the last quarter. SVB Wealth LLC raised its holdings in RPM International by 3.0% during the first quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock valued at $653,000 after acquiring an additional 159 shares during the period. Finally, Motley Fool Asset Management LLC lifted its position in shares of RPM International by 8.1% in the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock valued at $313,000 after acquiring an additional 197 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RPM shares. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Tuesday, July 16th. JPMorgan Chase & Co. downgraded shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Friday, July 26th. Wells Fargo & Company raised their target price on shares of RPM International from $110.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, BMO Capital Markets cut their price objective on RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $122.22.

Insider Buying and Selling

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

RPM International Trading Down 1.7 %

Shares of RPM stock opened at $122.90 on Friday. The company has a market cap of $15.82 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. RPM International Inc. has a 1 year low of $88.84 and a 1 year high of $125.35. The stock’s 50 day simple moving average is $116.27 and its two-hundred day simple moving average is $113.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32.

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

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, July 17th. This represents a $1.84 annualized dividend and a yield of 1.50%. RPM International’s payout ratio is 42.40%.

RPM International 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.