Morgan Dempsey Capital Management LLC maintained its position in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,935 shares of the company’s stock at the end of the second quarter. Morgan Dempsey Capital Management LLC’s holdings in RPM International were worth $197,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cribstone Capital Management LLC purchased a new position in shares of RPM International during the second quarter worth approximately $112,000. Moon Capital Management LLC purchased a new position in shares of RPM International during the second quarter worth approximately $199,000. IFP Advisors Inc increased its position in shares of RPM International by 146.4% in the first quarter. IFP Advisors Inc now owns 5,686 shares of the company’s stock worth $269,000 after buying an additional 3,378 shares during the period. Carnick & Kubik LLC increased its position in shares of RPM International by 0.7% in the first quarter. Carnick & Kubik LLC now owns 6,872 shares of the company’s stock worth $325,000 after buying an additional 50 shares during the period. Finally, LS Investment Advisors LLC increased its position in shares of RPM International by 80.5% in the second quarter. LS Investment Advisors LLC now owns 8,378 shares of the company’s stock worth $418,000 after buying an additional 3,737 shares during the period. 72.08% of the stock is owned by institutional investors.
Shares of RPM International Inc. (NYSE:RPM) traded down 2.05% during mid-day trading on Friday, reaching $49.18. 1,375,979 shares of the company’s stock traded hands. RPM International Inc. has a 12-month low of $36.78 and a 12-month high of $55.92. The firm has a 50-day moving average of $53.37 and a 200 day moving average of $51.32. The company has a market cap of $6.55 billion, a P/E ratio of 18.67 and a beta of 1.38.
RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. RPM International had a net margin of 7.62% and a return on equity of 27.52%. The firm had revenue of $1.25 billion for the quarter. During the same quarter in the previous year, the company posted $0.74 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts forecast that RPM International Inc. will post $2.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be issued a $0.30 dividend. The ex-dividend date is Thursday, October 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. This is an increase from RPM International’s previous quarterly dividend of $0.28. RPM International’s dividend payout ratio is currently 40.44%.
Several analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of RPM International in a report on Monday, July 18th. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of RPM International in a report on Wednesday. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a report on Thursday, June 16th. Finally, Seaport Global Securities downgraded shares of RPM International from an “accumulate” rating to a “neutral” rating and lifted their target price for the stock from $55.00 to $57.00 in a report on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.25.
In other news, SVP Edward W. Moore sold 22,547 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $53.90, for a total value of $1,215,283.30. Following the completion of the sale, the senior vice president now owns 88,097 shares in the company, valued at $4,748,428.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Frank C. Sullivan sold 60,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $53.56, for a total transaction of $3,213,600.00. Following the completion of the sale, the chairman now owns 1,144,622 shares of the company’s stock, valued at approximately $61,305,954.32. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
About RPM International
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. The Company operates through two segments, which include industrial segment and consumer segment.
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