Putney Financial Group LLC Lowers Stock Holdings in RPM International Inc. $RPM

Putney Financial Group LLC lessened its position in RPM International Inc. (NYSE:RPM) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,961 shares of the specialty chemicals company’s stock after selling 267 shares during the quarter. Putney Financial Group LLC’s holdings in RPM International were worth $215,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GW&K Investment Management LLC boosted its holdings in RPM International by 0.3% during the 1st quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company’s stock valued at $70,370,000 after acquiring an additional 2,048 shares during the period. Boston Trust Walden Corp lifted its position in shares of RPM International by 18.1% during the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after purchasing an additional 92,358 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of RPM International by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after purchasing an additional 33,016 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of RPM International by 6.3% in the first quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock valued at $32,204,000 after purchasing an additional 16,549 shares during the period. Finally, Fairway Wealth LLC grew its holdings in shares of RPM International by 50,413.3% in the first quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company’s stock valued at $25,536,000 after purchasing an additional 220,306 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the transaction, the director directly owned 7,394 shares in the company, valued at $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

RPM International Price Performance

RPM International stock opened at $108.67 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $118.74 and a 200-day simple moving average of $115.04. The stock has a market cap of $13.93 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.03. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.RPM International’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share. Equities analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 2.0%. RPM International’s dividend payout ratio (DPR) is presently 40.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $126.00 to $129.00 in a research report on Tuesday, October 14th. Royal Bank Of Canada reduced their price objective on RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of RPM International in a research note on Wednesday, October 8th. Finally, UBS Group upped their price target on RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, RPM International has an average rating of “Moderate Buy” and an average target price of $130.70.

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.