Schroder Investment Management Group acquired a new position in shares of RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,225 shares of the specialty chemicals company’s stock, valued at approximately $75,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in RPM International in the second quarter worth $35,000. Machina Capital S.A.S. purchased a new stake in RPM International during the second quarter valued at about $56,000. Putnam FL Investment Management Co. bought a new stake in RPM International in the 2nd quarter worth approximately $61,000. Carroll Financial Associates Inc. lifted its holdings in shares of RPM International by 4,900.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,350 shares of the specialty chemicals company’s stock worth $82,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in RPM International during the second quarter valued at about $91,000. Institutional investors own 77.51% of the company’s stock.
Several analysts recently issued reports on RPM shares. Seaport Global Securities reissued a “neutral” rating on shares of RPM International in a research note on Monday, July 22nd. ValuEngine downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. TheStreet raised RPM International from a “c+” rating to an “a-” rating in a research report on Monday, July 22nd. BMO Capital Markets raised their price objective on shares of RPM International from $69.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Finally, Northcoast Research restated a “neutral” rating on shares of RPM International in a research note on Thursday, July 25th. 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $69.00.
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 the Thomson Reuters’ consensus estimate of $1.14 by $0.10. RPM International had a net margin of 4.79% and a return on equity of 23.46%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts predict that RPM International Inc. will post 3.36 earnings per share for the current year.
In other RPM International news, Director Frederick R. Nance sold 1,100 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $66.54, for a total transaction of $73,194.00. Following the transaction, the director now directly owns 16,581 shares of the company’s stock, valued at $1,103,299.74. The transaction was disclosed in a legal filing with the SEC, 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. 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.
Recommended Story: How to calculate compound interest
Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.