Procyon Advisors LLC Sells 733 Shares of RPM International Inc. (NYSE:RPM)

Procyon Advisors LLC trimmed its stake in shares of RPM International Inc. (NYSE:RPMGet Rating) by 13.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,603 shares of the specialty chemicals company’s stock after selling 733 shares during the quarter. Procyon Advisors LLC’s holdings in RPM International were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RPM. Cowa LLC grew its position in RPM International by 9,901.1% during the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 319,411 shares during the last quarter. Boston Trust Walden Corp grew its position in RPM International by 13.1% during the 1st quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock worth $45,152,000 after acquiring an additional 64,242 shares during the last quarter. GW&K Investment Management LLC grew its position in RPM International by 7.1% during the 1st quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company’s stock worth $49,519,000 after acquiring an additional 40,198 shares during the last quarter. Geode Capital Management LLC grew its position in shares of RPM International by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company’s stock worth $161,533,000 after buying an additional 34,887 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of RPM International by 38.6% in the 1st quarter. MetLife Investment Management LLC now owns 87,157 shares of the specialty chemicals company’s stock worth $7,098,000 after buying an additional 24,295 shares during the last quarter. 81.69% of the stock is currently owned by institutional investors.

RPM International Trading Up 2.9 %

NYSE RPM opened at $90.86 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 1.05. RPM International Inc. has a twelve month low of $74.56 and a twelve month high of $101.48. The firm has a market capitalization of $11.72 billion, a PE ratio of 23.97, a P/E/G ratio of 4.21 and a beta of 0.94. The stock’s 50 day moving average is $90.50 and its 200 day moving average is $85.67.

RPM International (NYSE:RPMGet Rating) last announced its quarterly earnings data on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02). The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.96 billion. RPM International had a net margin of 7.33% and a return on equity of 25.57%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. Research analysts forecast that RPM International Inc. will post 4.29 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Thursday, July 14th. RPM International’s dividend payout ratio is currently 42.22%.

Insider Transactions at RPM International

In other news, Director Frederick R. Nance sold 2,600 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $89.24, for a total value of $232,024.00. Following the completion of the transaction, the director now owns 9,049 shares in the company, valued at $807,532.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Matthew T. Ratajczak sold 993 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $90.02, for a total value of $89,389.86. Following the completion of the transaction, the vice president now owns 55,546 shares in the company, valued at $5,000,250.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 2,600 shares of RPM International stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $89.24, for a total value of $232,024.00. Following the completion of the sale, the director now directly owns 9,049 shares of the company’s stock, valued at approximately $807,532.76. The disclosure for this sale can be found here. Insiders sold 5,701 shares of company stock worth $506,370 over the last quarter. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RPM has been the topic of a number of recent analyst reports. Credit Suisse Group initiated coverage on RPM International in a research report on Monday, June 27th. They issued an “outperform” rating and a $95.00 price objective on the stock. Bank of America cut their price objective on RPM International from $90.00 to $78.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 13th. TheStreet upgraded RPM International from a “c+” rating to a “b” rating in a research report on Monday, July 25th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Finally, BMO Capital Markets lifted their price objective on RPM International from $104.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.75.

RPM International Profile

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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and manufacturing industry; 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.

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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