Posted by admin on Aug 17th, 2022
Toronto Dominion Bank trimmed its holdings in shares of RPM International Inc. (NYSE:RPM – Get Rating) by 37.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,351 shares of the specialty chemicals company’s stock after selling 15,886 shares during the quarter. Toronto Dominion Bank’s holdings in RPM International were worth $2,146,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of RPM. Boston Trust Walden Corp increased its stake 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 purchasing an additional 64,242 shares in the last quarter. GW&K Investment Management LLC boosted 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. Twin Tree Management LP boosted its position in RPM International by 422.1% during the 4th quarter. Twin Tree Management LP now owns 27,168 shares of the specialty chemicals company’s stock worth $2,744,000 after acquiring an additional 35,602 shares during the last quarter. Geode Capital Management LLC boosted its position in RPM International by 2.2% during 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 acquiring an additional 34,887 shares during the last quarter. Finally, Renaissance Group LLC boosted its position in RPM International by 11.0% during the 4th quarter. Renaissance Group LLC now owns 321,653 shares of the specialty chemicals company’s stock worth $32,487,000 after acquiring an additional 31,830 shares during the last quarter. 79.96% of the stock is owned by institutional investors.
NYSE RPM opened at $95.33 on Wednesday. The company has a market cap of $12.30 billion, a PE ratio of 25.15, a PEG ratio of 4.43 and a beta of 0.96. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. RPM International Inc. has a 12 month low of $74.56 and a 12 month high of $101.48. The stock has a 50 day moving average of $83.69 and a 200-day moving average of $84.31.
RPM International (NYSE:RPM – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.02). RPM International had a net margin of 7.33% and a return on equity of 25.57%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $1.28 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that RPM International Inc. will post 4.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, July 14th. RPM International’s dividend payout ratio is 42.22%.
A number of equities analysts have weighed in on RPM shares. TheStreet raised RPM International from a “c+” rating to a “b” rating in a research report on Monday, July 25th. Bank of America reduced their price target on RPM International from $90.00 to $78.00 and set an “underperform” rating for the company in a research report on Wednesday, July 13th. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group began coverage on RPM International in a research report on Monday, June 27th. They set an “outperform” rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, RPM International has a consensus rating of “Hold” and a consensus price target of $96.75.
In other RPM International news, SVP Edward W. Moore sold 2,108 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total transaction of $184,955.92. Following the completion of the sale, the senior vice president now owns 56,086 shares of the company’s stock, valued at approximately $4,920,985.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other RPM International news, SVP Edward W. Moore sold 2,108 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total transaction of $184,955.92. Following the completion of the sale, the senior vice president now owns 56,086 shares of the company’s stock, valued at approximately $4,920,985.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew T. Ratajczak sold 993 shares of the 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 transaction, the vice president now owns 55,546 shares in the company, valued at approximately $5,000,250.92. The disclosure for this sale can be found here. Insiders sold 5,701 shares of company stock valued at $506,370 in the last quarter. 1.60% of the stock is currently owned by insiders.
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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