Coho Partners Ltd. bought a new position in RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,515 shares of the specialty chemicals company’s stock, valued at approximately $6,387,000. Coho Partners Ltd. owned about 0.08% of RPM International as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of RPM International by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock worth $75,428,000 after acquiring an additional 88,197 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of RPM International by 4.2% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,207,878 shares of the specialty chemicals company’s stock worth $70,105,000 after acquiring an additional 48,379 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in shares of RPM International by 70.3% in the second quarter. TimesSquare Capital Management LLC now owns 660,600 shares of the specialty chemicals company’s stock worth $40,369,000 after acquiring an additional 272,803 shares during the last quarter. Vaughan David Investments LLC IL boosted its position in shares of RPM International by 1.2% in the first quarter. Vaughan David Investments LLC IL now owns 437,734 shares of the specialty chemicals company’s stock worth $25,406,000 after acquiring an additional 5,260 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in shares of RPM International by 68.0% in the second quarter. Mawer Investment Management Ltd. now owns 271,461 shares of the specialty chemicals company’s stock worth $16,589,000 after acquiring an additional 109,865 shares during the last quarter. 77.51% of the stock is currently owned by institutional investors and hedge funds.
NYSE RPM traded up $0.18 during mid-day trading on Friday, hitting $69.01. The company’s stock had a trading volume of 415 shares, compared to its average volume of 641,993. The firm has a market capitalization of $8.93 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.26. The stock’s fifty day simple moving average is $67.33 and its two-hundred day simple moving average is $61.25. RPM International Inc. has a 52-week low of $51.95 and a 52-week high of $69.62. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.64 and a quick ratio of 1.09.
RPM International (NYSE:RPM) last posted its quarterly earnings data on Monday, July 22nd. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.10. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. RPM International had a net margin of 4.79% and a return on equity of 23.46%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. On average, equities analysts forecast that RPM International Inc. will post 3.36 earnings per share for the current fiscal year.
In related news, Director Frederick R. Nance sold 1,100 shares of RPM International stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $66.54, for a total transaction of $73,194.00. Following the sale, the director now directly owns 16,581 shares in the company, valued at $1,103,299.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.
Several equities research analysts recently issued reports on RPM shares. Robert W. Baird set a $72.00 target price on shares of RPM International and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Seaport Global Securities reissued a “neutral” rating on shares of RPM International in a research report on Monday, July 22nd. Northcoast Research restated a “neutral” rating on shares of RPM International in a report on Thursday, July 25th. ValuEngine lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets raised their price target on shares of RPM International from $69.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $69.00.
RPM International Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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