RPM International Inc. $RPM Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC reduced its position in shares of RPM International Inc. (NYSE:RPM) by 21.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,679 shares of the specialty chemicals company’s stock after selling 2,085 shares during the period. Venturi Wealth Management LLC’s holdings in RPM International were worth $844,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS lifted its position in shares of RPM International by 1.8% during the second quarter. KLP Kapitalforvaltning AS now owns 46,400 shares of the specialty chemicals company’s stock worth $5,097,000 after purchasing an additional 800 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in RPM International by 65.5% in the second quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company’s stock valued at $139,000 after acquiring an additional 500 shares in the last quarter. Parallel Advisors LLC raised its holdings in RPM International by 28.7% in the second quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock valued at $118,000 after acquiring an additional 239 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in RPM International by 277.8% in the second 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 in the last quarter. Finally, Strs Ohio acquired a new stake in RPM International in the first quarter valued at $1,507,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RPM has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on shares of RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, July 25th. UBS Group upped their price target on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Wells Fargo & Company upped their price target on shares of RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Royal Bank Of Canada cut their price target on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a report on Monday. Finally, Mizuho upped their price target on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.60.

RPM International Stock Up 0.4%

RPM stock opened at $113.17 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79. The firm has a fifty day moving average price of $121.88 and a two-hundred day moving average price of $114.82. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.04 and a beta of 1.03.

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

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be given a dividend of $0.54 per share. This is an increase from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, October 20th. RPM International’s payout ratio is currently 40.37%.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the transaction, the director owned 7,394 shares in the company, valued at approximately $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.