GW&K Investment Management LLC lessened its stake in shares of RPM International Inc. (NYSE:RPM) by 11.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 712,403 shares of the specialty chemicals company’s stock after selling 96,663 shares during the period. GW&K Investment Management LLC owned about 0.53% of RPM International worth $37,344,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in RPM. Empire Life Investments Inc. acquired a new stake in shares of RPM International during the 3rd quarter valued at $29,293,000. TimesSquare Capital Management LLC raised its stake in RPM International by 53.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,123,600 shares of the specialty chemicals company’s stock valued at $57,686,000 after purchasing an additional 393,500 shares during the period. Cramer Rosenthal Mcglynn LLC raised its stake in RPM International by 28.9% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 667,874 shares of the specialty chemicals company’s stock valued at $36,433,000 after purchasing an additional 149,861 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in RPM International during the 2nd quarter valued at $7,218,000. Finally, Lord Abbett & CO. LLC raised its stake in RPM International by 9.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,007,328 shares of the specialty chemicals company’s stock valued at $54,950,000 after purchasing an additional 87,679 shares during the period. Institutional investors own 75.25% of the company’s stock.
In other news, SVP Edward W. Moore sold 2,578 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the transaction, the senior vice president now directly owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the completion of the transaction, the chairman now directly owns 1,188,489 shares in the company, valued at $62,253,053.82. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
Shares of RPM International Inc. (RPM) opened at $52.99 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. RPM International Inc. has a one year low of $47.87 and a one year high of $56.69. The stock has a market cap of $7,080.00, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.88 and a beta of 1.53.
RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $0.52 EPS. The company’s revenue was up 10.5% on a year-over-year basis. equities research analysts anticipate that RPM International Inc. will post 3.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, January 16th. RPM International’s dividend payout ratio (DPR) is presently 50.59%.
RPM has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $51.00 target price on shares of RPM International in a research note on Wednesday, November 15th. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, TheStreet downgraded shares of RPM International from a “b” rating to a “c+” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $57.86.
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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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