Ameriprise Financial Inc. cut its position in shares of RPM International Inc. (NYSE:RPM) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 390,697 shares of the specialty chemicals company’s stock after selling 12,690 shares during the period. Ameriprise Financial Inc. owned 0.29% of RPM International worth $20,058,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisory Services Network LLC boosted its holdings in RPM International by 2.7% during the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after buying an additional 57 shares in the last quarter. Albion Financial Group UT raised its position in RPM International by 1.1% during the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock worth $468,000 after acquiring an additional 95 shares during the period. Fieldpoint Private Securities LLC raised its position in RPM International by 1.5% during the second quarter. Fieldpoint Private Securities LLC now owns 13,805 shares of the specialty chemicals company’s stock worth $753,000 after acquiring an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in RPM International by 0.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock worth $1,854,000 after acquiring an additional 200 shares during the period. Finally, BARING ASSET MANAGEMENT Ltd raised its position in RPM International by 0.9% during the second quarter. BARING ASSET MANAGEMENT Ltd now owns 24,601 shares of the specialty chemicals company’s stock worth $1,342,000 after acquiring an additional 212 shares during the period. 75.51% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Robert W. Baird restated a “hold” rating and set a $56.00 price objective on shares of RPM International in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a research report on Friday, August 18th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.33.

RPM International Inc. (RPM) traded up $0.08 during trading hours on Monday, reaching $53.56. 343,300 shares of the company’s stock were exchanged, compared to its average volume of 763,786. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.16 and a quick ratio of 1.38. The firm has a market capitalization of $7,152.24, a PE ratio of 21.09, a PEG ratio of 2.38 and a beta of 1.53. RPM International Inc. has a 52 week low of $47.87 and a 52 week high of $56.48.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. equities research analysts predict that RPM International Inc. will post 2.86 earnings per share for the current year.

In other news, insider Ronald A. Rice sold 44,839 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total value of $2,324,005.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

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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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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

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