Pacer Advisors Inc. Purchases 1,930,072 Shares of RPM International Inc. (NYSE:RPM)

Pacer Advisors Inc. lifted its position in shares of RPM International Inc. (NYSE:RPM) by 9,945.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,949,479 shares of the specialty chemicals company’s stock after purchasing an additional 1,930,072 shares during the quarter. Pacer Advisors Inc. owned 1.51% of RPM International worth $209,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in RPM International during the 4th quarter worth $25,000. Rise Advisors LLC bought a new stake in RPM International during the 1st quarter worth approximately $38,000. Cambridge Trust Co. boosted its holdings in shares of RPM International by 273.3% in the first 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 period. Versant Capital Management Inc increased its position in shares of RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 318 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International during the second quarter worth $45,000. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling at RPM International

In other news, CEO Frank C. Sullivan sold 57,083 shares of RPM International 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 directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction on 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 transaction, the vice president now owns 24,339 shares in the company, valued at $2,866,890.81. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RPM shares. UBS Group reduced their target price on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. BMO Capital Markets reduced 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. 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 report on Tuesday, July 16th. Mizuho reduced their price target on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Royal Bank of Canada lifted their price objective on shares of RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $122.22.

RPM International Trading Down 1.7 %

Shares of RPM International stock opened at $122.90 on Friday. The stock has a market cap of $15.82 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.83 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 $125.35. The business’s 50 day moving average is $116.52 and its 200-day moving average is $113.40.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts predict that RPM International Inc. will post 5.51 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is presently 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.