Transcend Capital Advisors LLC Grows Stake in RPM International Inc. (NYSE:RPM)

Transcend Capital Advisors LLC lifted its position in RPM International Inc. (NYSE:RPM) by 22.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,040 shares of the specialty chemicals company’s stock after buying an additional 748 shares during the period. Transcend Capital Advisors LLC’s holdings in RPM International were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in RPM International in the 4th quarter worth $25,000. Rise Advisors LLC bought a new position in RPM International in the 1st quarter worth $38,000. Cambridge Trust Co. raised its holdings in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 246 shares during the period. LRI Investments LLC bought a new position in RPM International in the 1st quarter worth $52,000. Finally, GAMMA Investing LLC bought a new position in RPM International in the 4th quarter worth $75,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares in the company, valued at $2,866,890.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RPM has been the topic of a number of recent analyst reports. Mizuho decreased their price target on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. cut RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Friday, July 26th. Wells Fargo & Company raised their price target on RPM International from $110.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Tuesday, July 16th. Finally, Royal Bank of Canada raised their price target on RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RPM International has an average rating of “Hold” and an average price target of $122.33.

RPM International Price Performance

Shares of RPM stock traded down $1.04 during trading hours on Friday, hitting $117.77. The stock had a trading volume of 957,148 shares, compared to its average volume of 716,976. RPM International Inc. has a one year low of $88.84 and a one year high of $122.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. The stock’s 50-day moving average price is $111.30 and its two-hundred day moving average price is $111.58. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.78 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, hitting the consensus estimate of $1.56. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. Equities analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a $0.46 dividend. The ex-dividend date was Wednesday, July 17th. This represents a $1.84 annualized dividend and a yield of 1.56%. RPM International’s dividend payout ratio is currently 42.40%.

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.