Nisa Investment Advisors LLC Acquires 3,750 Shares of RPM International Inc. (RPM)

Nisa Investment Advisors LLC increased its holdings in shares of RPM International Inc. (NYSE:RPM) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,550 shares of the specialty chemicals company’s stock after purchasing an additional 3,750 shares during the period. Nisa Investment Advisors LLC’s holdings in RPM International were worth $1,529,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in RPM International during the 3rd quarter worth $173,000. Private Asset Management Inc. acquired a new stake in RPM International during the 3rd quarter worth $208,000. BTR Capital Management Inc. acquired a new stake in RPM International during the 3rd quarter worth $221,000. Winfield Associates Inc. acquired a new stake in RPM International during the 2nd quarter worth $204,000. Finally, Baltimore Washington Financial Advisors Inc. acquired a new stake in RPM International during the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 79.62% of the company’s stock.

RPM stock opened at $59.24 on Friday. RPM International Inc. has a one year low of $46.36 and a one year high of $68.13. The firm has a market capitalization of $7.94 billion, a PE ratio of 20.29, a PEG ratio of 2.81 and a beta of 1.43. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 1.41.



RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.10). RPM International had a return on equity of 22.77% and a net margin of 5.36%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that RPM International Inc. will post 2.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Tuesday, October 16th will be paid a $0.35 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, October 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.36%. RPM International’s dividend payout ratio (DPR) is 47.95%.

In related news, Director Robert Livingston acquired 5,000 shares of RPM International stock in a transaction that occurred on Friday, August 17th. The stock was purchased at an average price of $64.06 per share, for a total transaction of $320,300.00. Following the completion of the purchase, the director now directly owns 7,150 shares of the company’s stock, valued at $458,029. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kirkland B. Andrews acquired 2,000 shares of RPM International stock in a transaction that occurred on Friday, October 5th. The stock was bought at an average price of $60.21 per share, with a total value of $120,420.00. Following the purchase, the director now directly owns 3,800 shares of the company’s stock, valued at $228,798. The disclosure for this purchase can be found here. Insiders purchased 10,360 shares of company stock valued at $640,741 in the last quarter. Company insiders own 1.80% of the company’s stock.

Several analysts have recently commented on RPM shares. Morgan Stanley restated a “buy” rating on shares of RPM International in a research note on Monday, October 8th. ValuEngine upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, July 18th. Seaport Global Securities restated a “hold” rating and issued a $66.00 target price on shares of RPM International in a research note on Thursday, July 26th. Finally, Vertical Research cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.00.

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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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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