Quantbot Technologies LP boosted its holdings in shares of RPM International Inc. (NYSE:RPM) by 72.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,073 shares of the specialty chemicals company’s stock after buying an additional 14,723 shares during the period. Quantbot Technologies LP’s holdings in RPM International were worth $1,800,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of RPM. Advisory Services Network LLC lifted its stake in shares of RPM International by 2.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after acquiring an additional 57 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of RPM International by 1.1% during the 2nd quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock valued at $468,000 after buying an additional 95 shares during the period. Fieldpoint Private Securities LLC lifted its holdings in shares of RPM International by 1.5% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 13,805 shares of the specialty chemicals company’s stock valued at $753,000 after buying an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of RPM International by 0.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock valued at $1,854,000 after buying an additional 200 shares during the period. Finally, BARING ASSET MANAGEMENT Ltd increased its stake in shares of RPM International by 0.9% in the 2nd quarter. BARING ASSET MANAGEMENT Ltd now owns 24,601 shares of the specialty chemicals company’s stock worth $1,342,000 after purchasing an additional 212 shares in the last quarter. 75.51% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Ronald A. Rice sold 44,839 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total transaction of $2,324,005.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.
A number of equities research analysts have issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $56.00 price target on shares of RPM International in a research note on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. TheStreet downgraded shares of RPM International from a “b” rating to a “c+” rating in a research note on Wednesday, October 4th. Finally, Wellington Shields raised shares of RPM International from a “hold” rating to an “accumulate” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.33.
RPM International Inc. (NYSE RPM) traded up $1.43 during trading hours on Monday, hitting $53.87. 772,060 shares of the stock traded hands, compared to its average volume of 769,149. The firm has a market capitalization of $7,002.62, a P/E ratio of 20.65, a P/E/G ratio of 2.33 and a beta of 1.53. RPM International Inc. has a 1-year low of $47.87 and a 1-year high of $56.48. The company has a quick ratio of 1.38, a current ratio of 2.16 and a debt-to-equity ratio of 1.20.
RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. research analysts forecast that RPM International Inc. will post 2.86 earnings per share for the current fiscal year.
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RPM International Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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