Janney Montgomery Scott LLC Trims Position in RPM International Inc. $RPM

Janney Montgomery Scott LLC cut its holdings in shares of RPM International Inc. (NYSE:RPM) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,315 shares of the specialty chemicals company’s stock after selling 793 shares during the quarter. Janney Montgomery Scott LLC owned 0.08% of RPM International worth $10,689,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in RPM International by 277.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 118 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of RPM International by 82.1% during the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after acquiring an additional 344 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock valued at $106,000 after buying an additional 384 shares during the period. Finally, Parallel Advisors LLC raised its holdings in RPM International by 28.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock valued at $118,000 after buying an additional 239 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Performance

RPM International stock opened at $116.71 on Friday. The stock’s 50-day moving average is $122.29 and its 200-day moving average is $114.84. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.45. RPM International Inc. has a 12 month low of $95.28 and a 12 month high of $141.79.

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

RPM International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.51. RPM International’s dividend payout ratio (DPR) is 38.13%.

Insider Activity

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Bank of America upgraded shares of RPM International from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RPM International in a research note on Saturday, September 27th. Mizuho upped their price target on RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price target on RPM International from $115.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Monday, July 28th. Finally, Wells Fargo & Company increased their price objective on RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and an average target price of $131.00.

About RPM International

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.