RPM International Inc. $RPM Stock Position Cut by Venturi Wealth Management LLC

Venturi Wealth Management LLC lessened its stake in RPM International Inc. (NYSE:RPM) by 21.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,679 shares of the specialty chemicals company’s stock after selling 2,085 shares during the quarter. Venturi Wealth Management LLC’s holdings in RPM International were worth $844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RPM. Farther Finance Advisors LLC grew its position in RPM International by 82.1% in the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock valued at $89,000 after buying an additional 344 shares in the last quarter. GAMMA Investing LLC lifted its holdings in RPM International by 7.4% in the 1st quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company’s stock valued at $271,000 after acquiring an additional 161 shares during the last quarter. SG Americas Securities LLC lifted its holdings in RPM International by 355.5% in the 1st quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 3,985 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in RPM International in the 1st quarter valued at about $238,000. Finally, Janney Montgomery Scott LLC lifted its holdings in RPM International by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 98,108 shares of the specialty chemicals company’s stock valued at $11,349,000 after acquiring an additional 1,416 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RPM shares. Mizuho upped their price target on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 25th. UBS Group upped their price target on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. BMO Capital Markets upped their price target on shares of RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Wells Fargo & Company upped their price target on shares of RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, Morgan Stanley upped their price target on shares of RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and an average price target of $130.60.

RPM International Price Performance

NYSE RPM opened at $113.17 on Thursday. The company has a 50 day simple moving average of $121.88 and a 200-day simple moving average of $114.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. RPM International Inc. has a 52-week low of $95.28 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.01. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 earnings per share. Equities research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, October 20th. This is a boost from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 1.9%. RPM International’s payout ratio is 40.37%.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction of $119,360.00. Following the transaction, the director owned 7,394 shares of the company’s stock, valued at approximately $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

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.