Eagle Bay Advisors LLC Purchases 1,049 Shares of RPM International Inc. (NYSE:RPM)

Eagle Bay Advisors LLC grew its position in RPM International Inc. (NYSE:RPM) by 1,542.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,117 shares of the specialty chemicals company’s stock after acquiring an additional 1,049 shares during the quarter. Eagle Bay Advisors LLC’s holdings in RPM International were worth $120,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado raised its holdings in shares of RPM International by 337.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock worth $24,649,000 after buying an additional 170,369 shares during the period. Russell Investments Group Ltd. increased its stake in RPM International by 352.0% in the fourth quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company’s stock worth $15,214,000 after purchasing an additional 105,925 shares during the period. Bank of New York Mellon Corp lifted its position in shares of RPM International by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after purchasing an additional 61,218 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of RPM International by 534.7% during the fourth quarter. BNP Paribas Financial Markets now owns 61,936 shares of the specialty chemicals company’s stock worth $6,914,000 after purchasing an additional 52,177 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of RPM International during the second quarter valued at $3,676,000. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Wells Fargo & Company raised their price objective on RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. UBS Group dropped their price target on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. cut shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Friday, July 26th. Finally, BMO Capital Markets reduced their price target on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Tuesday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $122.22.

RPM International Stock Down 1.9 %

Shares of RPM International stock traded down $2.19 during trading on Tuesday, reaching $113.24. The company’s stock had a trading volume of 690,682 shares, compared to its average volume of 626,618. The company has a 50-day simple moving average of $112.71 and a two-hundred day simple moving average of $112.50. RPM International Inc. has a 1-year low of $88.84 and a 1-year high of $122.92. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.75 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. RPM International’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. As a group, equities analysts forecast that RPM International Inc. will post 5.51 earnings per share for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Insider Activity at RPM International

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the sale, the chief executive officer now owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

RPM International Company Profile

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.