SG Americas Securities LLC Reduces Position in RPM International Inc. $RPM

SG Americas Securities LLC trimmed its position in RPM International Inc. (NYSE:RPM) by 78.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,305 shares of the specialty chemicals company’s stock after selling 8,207 shares during the period. SG Americas Securities LLC’s holdings in RPM International were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Curio Wealth LLC grew its holdings in RPM International by 65,900.0% in the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 659 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 worth $139,000 after purchasing an additional 500 shares during the last quarter. Lazard Asset Management LLC increased its holdings in RPM International by 5.8% during the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock valued at $184,000 after purchasing an additional 93 shares during the period. NTV Asset Management LLC bought a new position in RPM International during the 3rd quarter valued at approximately $236,000. Finally, iA Global Asset Management Inc. lifted its holdings in RPM International by 13.1% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,328 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of RPM stock opened at $107.30 on Wednesday. The company’s fifty day moving average price is $106.80 and its 200-day moving average price is $113.44. The stock has a market cap of $13.74 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.11. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. RPM International Inc. has a 12 month low of $95.28 and a 12 month high of $129.12.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $1.39 earnings per share. On average, equities analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $0.54 dividend. The ex-dividend date is Friday, January 16th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International’s dividend payout ratio is presently 41.62%.

Analyst Ratings Changes

Several research firms have recently issued reports on RPM. Weiss Ratings reissued a “hold (c+)” rating on shares of RPM International in a research note on Monday, December 29th. KeyCorp reissued a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. Royal Bank Of Canada upgraded shares of RPM International from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. Mizuho set a $120.00 target price on shares of RPM International in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $117.00 to $115.00 in a research report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.75.

Insider Buying and Selling

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the transaction, the vice president owned 21,248 shares in the company, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Salvatore D. Fazzolari sold 375 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total value of $40,376.25. Following the completion of the sale, the director directly owned 21,578 shares in the company, valued at $2,323,303.26. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is owned by company insiders.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.