Ashton Thomas Private Wealth LLC Acquires New Position in RPM International Inc. (NYSE:RPM)

Ashton Thomas Private Wealth LLC acquired a new stake in RPM International Inc. (NYSE:RPM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 414 shares of the specialty chemicals company’s stock, valued at approximately $45,000.

A number of other hedge funds have also added to or reduced their stakes in RPM. Summit Financial LLC grew its stake in shares of RPM International by 5.9% during the second 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 during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of RPM International by 3.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,928 shares of the specialty chemicals company’s stock worth $2,253,000 after buying an additional 792 shares during the last quarter. Whittier Trust Co. grew its stake in shares of RPM International by 5.1% during the second quarter. Whittier Trust Co. now owns 41,621 shares of the specialty chemicals company’s stock worth $4,482,000 after buying an additional 2,016 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in shares of RPM International by 1,542.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,117 shares of the specialty chemicals company’s stock worth $120,000 after buying an additional 1,049 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of RPM International by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after buying an additional 61,218 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Price Performance

RPM stock opened at $121.34 on Monday. The firm has a market cap of $15.62 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.79 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. RPM International Inc. has a 12-month low of $88.84 and a 12-month high of $122.92. The company’s fifty day simple moving average is $114.92 and its 200 day simple moving average is $113.10.

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

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.52%. RPM International’s dividend payout ratio is currently 42.40%.

Analyst Ratings Changes

A number of analysts have weighed in on RPM shares. UBS Group decreased their target price 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. JPMorgan Chase & Co. lowered shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Friday, July 26th. BMO Capital Markets cut their price target on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Tuesday, August 27th. Royal Bank of Canada lifted their price target on shares of RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Finally, StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $122.22.

Insider Activity

In other news, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction dated 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 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 is available through the SEC website. In other news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s 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 directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’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 sale, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.