LS Investment Advisors LLC Has $418,000 Position in RPM International Inc. (RPM)
LS Investment Advisors LLC raised its position in RPM International Inc. (NYSE:RPM) by 80.5% during the second quarter, Holdings Channel reports. The firm owned 8,378 shares of the company’s stock after buying an additional 3,737 shares during the period. LS Investment Advisors LLC’s holdings in RPM International were worth $418,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in RPM International during the fourth quarter worth $45,391,000. Raymond James Trust N.A. increased its stake in RPM International by 2.2% in the first quarter. Raymond James Trust N.A. now owns 11,191 shares of the company’s stock worth $529,000 after buying an additional 238 shares during the period. First Manhattan Co. increased its stake in RPM International by 14.5% in the first quarter. First Manhattan Co. now owns 102,203 shares of the company’s stock worth $4,837,000 after buying an additional 12,962 shares during the period. Aperio Group LLC increased its stake in RPM International by 18.7% in the first quarter. Aperio Group LLC now owns 24,190 shares of the company’s stock worth $1,145,000 after buying an additional 3,804 shares during the period. Finally, Buffington Mohr McNeal increased its stake in RPM International by 110.2% in the first quarter. Buffington Mohr McNeal now owns 14,295 shares of the company’s stock worth $676,000 after buying an additional 7,495 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.
RPM International Inc. (NYSE:RPM) traded down 0.25% during midday trading on Friday, reaching $51.68. 574,138 shares of the company’s stock traded hands. RPM International Inc. has a 1-year low of $36.78 and a 1-year high of $55.92. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 19.62 and a beta of 1.39. The firm’s 50-day moving average is $54.11 and its 200-day moving average is $50.29.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. RPM International had a net margin of 7.37% and a return on equity of 28.11%. The company earned $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts forecast that RPM International Inc. will post $2.77 earnings per share for the current year.
A number of analysts have recently weighed in on RPM shares. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, June 8th. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research note on Thursday, June 16th. Wellington Shields cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of RPM International in a research note on Monday, July 18th. Finally, Seaport Global Securities cut shares of RPM International from an “accumulate” rating to a “neutral” rating and lifted their price target for the stock from $55.00 to $57.00 in a research note on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.25.
In related news, VP Barry Slifstein sold 1,000 shares of RPM International stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $54.27, for a total value of $54,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew T. Ratajczak sold 4,152 shares of RPM International stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $54.04, for a total transaction of $224,374.08. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
RPM International Company 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. The Company operates through two segments, which include industrial segment and consumer segment.
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