MGO One Seven LLC Reduces Stock Position in RPM International Inc. (NYSE:RPM)

MGO One Seven LLC lowered its stake in RPM International Inc. (NYSE:RPMGet Rating) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,961 shares of the specialty chemicals company’s stock after selling 581 shares during the quarter. MGO One Seven LLC’s holdings in RPM International were worth $233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RPM. GW&K Investment Management LLC raised its position in RPM International by 7.1% in the first quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company’s stock worth $49,519,000 after acquiring an additional 40,198 shares during the period. Boston Trust Walden Corp raised its position in RPM International by 1.7% in the second quarter. Boston Trust Walden Corp now owns 563,614 shares of the specialty chemicals company’s stock worth $44,368,000 after acquiring an additional 9,192 shares during the period. Roffman Miller Associates Inc. PA raised its position in RPM International by 0.5% in the second quarter. Roffman Miller Associates Inc. PA now owns 412,486 shares of the specialty chemicals company’s stock worth $32,471,000 after acquiring an additional 2,185 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in RPM International by 4.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 334,272 shares of the specialty chemicals company’s stock worth $26,314,000 after acquiring an additional 14,661 shares during the period. Finally, Cowa LLC raised its position in RPM International by 9,901.1% in the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 319,411 shares during the period. Hedge funds and other institutional investors own 81.69% of the company’s stock.

Insiders Place Their Bets

In other RPM International news, CEO Frank C. Sullivan sold 65,000 shares of RPM International stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $92.60, for a total value of $6,019,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,050,706 shares of the company’s stock, valued at approximately $97,295,375.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frederick R. Nance sold 477 shares of RPM International stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $89.98, for a total transaction of $42,920.46. Following the completion of the transaction, the director now directly owns 10,472 shares of the company’s stock, valued at approximately $942,270.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frank C. Sullivan sold 65,000 shares of RPM International stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $92.60, for a total transaction of $6,019,000.00. Following the transaction, the chief executive officer now directly owns 1,050,706 shares of the company’s stock, valued at $97,295,375.60. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

RPM International Stock Performance

Shares of NYSE RPM opened at $100.60 on Friday. RPM International Inc. has a 52-week low of $74.56 and a 52-week high of $101.48. The company has a market cap of $12.99 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.74 and a beta of 0.97. The firm’s fifty day moving average is $91.80 and its two-hundred day moving average is $88.30. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.99.

RPM International (NYSE:RPMGet Rating) last issued its quarterly earnings data on Wednesday, October 5th. The specialty chemicals company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. RPM International had a net margin of 7.53% and a return on equity of 27.48%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the company posted $1.08 EPS. The business’s revenue was up 17.1% on a year-over-year basis. As a group, analysts anticipate that RPM International Inc. will post 4.6 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were paid a $0.42 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, October 14th. RPM International’s dividend payout ratio (DPR) is presently 41.38%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, November 12th. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $90.00 to $100.00 in a research report on Thursday, October 6th. UBS Group downgraded shares of RPM International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $101.00 in a research report on Tuesday, October 18th. They noted that the move was a valuation call. Wells Fargo & Company raised their price objective on shares of RPM International from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, October 10th. Finally, Royal Bank of Canada raised their price objective on shares of RPM International from $85.00 to $97.00 and gave the company a “sector perform” rating in a research report on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, RPM International presently has an average rating of “Hold” and an average target price of $98.56.

RPM International Company Profile

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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and manufacturing industry; 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.

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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