Summit Financial LLC Increases Stock Holdings in RPM International Inc. (NYSE:RPM)

Summit Financial LLC raised its holdings in RPM International Inc. (NYSE:RPM) by 5.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,514 shares of the specialty chemicals company’s stock after buying an additional 141 shares during the quarter. Summit Financial LLC’s holdings in RPM International were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RPM. Whittier Trust Co. of Nevada Inc. lifted its position in RPM International by 3.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 20,928 shares of the specialty chemicals company’s stock worth $2,253,000 after acquiring an additional 792 shares during the period. Whittier Trust Co. boosted its holdings in shares of RPM International by 5.1% in the 2nd quarter. Whittier Trust Co. now owns 41,621 shares of the specialty chemicals company’s stock valued at $4,482,000 after acquiring an additional 2,016 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in shares of RPM International by 1,542.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,117 shares of the specialty chemicals company’s stock worth $120,000 after acquiring an additional 1,049 shares during the period. Bank of New York Mellon Corp raised its holdings 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 purchasing an additional 61,218 shares during the last quarter. Finally, LRI Investments LLC lifted its position in RPM International by 397.9% during the second quarter. LRI Investments LLC now owns 2,181 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 1,743 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Trading Down 0.2 %

Shares of RPM International stock opened at $115.26 on Thursday. RPM International Inc. has a twelve month low of $88.84 and a twelve month high of $122.92. The firm’s 50-day moving average price is $113.38 and its 200 day moving average price is $112.78. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $14.84 billion, a PE ratio of 26.56, a P/E/G ratio of 1.74 and a beta of 1.00.

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

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a yield of 1.60%. RPM International’s payout ratio is 42.40%.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction that occurred 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 sale, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the transaction, the chief executive officer now 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. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Mizuho reduced their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada upped their price objective on RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. BMO Capital Markets cut their target price on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Tuesday, August 27th. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, UBS Group dropped their price target on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, RPM International currently has a consensus rating of “Hold” and an average price target of $122.22.

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.