Johnson Financial Group Inc. held its stake in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,750 shares of the specialty chemicals company’s stock at the end of the second quarter. Johnson Financial Group Inc.’s holdings in RPM International were worth $205,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Eaton Vance Management acquired a new position in shares of RPM International in the 2nd quarter worth approximately $758,000. TimesSquare Capital Management LLC boosted its holdings in shares of RPM International by 13.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 730,100 shares of the specialty chemicals company’s stock worth $39,827,000 after acquiring an additional 86,400 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of RPM International by 0.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock worth $1,854,000 after acquiring an additional 200 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of RPM International by 2.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 374,147 shares of the specialty chemicals company’s stock worth $20,410,000 after acquiring an additional 8,791 shares in the last quarter. Finally, Airain ltd boosted its holdings in shares of RPM International by 40.6% in the 2nd quarter. Airain ltd now owns 7,524 shares of the specialty chemicals company’s stock worth $410,000 after acquiring an additional 2,172 shares in the last quarter. 74.00% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Robert W. Baird reissued a “hold” rating and issued a $56.00 target price on shares of RPM International in a report on Friday, September 1st. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub downgraded RPM International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Wellington Shields raised RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. RPM International has a consensus rating of “Hold” and an average target price of $57.71.
In related news, SVP Edward W. Moore sold 10,568 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $52.04, for a total transaction of $549,958.72. Following the sale, the senior vice president now owns 92,549 shares in the company, valued at approximately $4,816,249.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.
RPM International Inc. (RPM) traded down 0.28% on Friday, reaching $49.09. 631,084 shares of the company traded hands. The company has a market capitalization of $6.56 billion, a PE ratio of 35.96 and a beta of 1.55. RPM International Inc. has a 52-week low of $46.25 and a 52-week high of $56.48. The stock has a 50-day moving average of $50.01 and a 200 day moving average of $52.94.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 EPS. On average, equities analysts forecast that RPM International Inc. will post $2.88 EPS for the current year.
RPM International Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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