RPM International Inc. (RPM) Shares Sold by Garrison Financial Corp
Garrison Financial Corp decreased its stake in RPM International Inc. (NYSE:RPM) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,901 shares of the specialty chemicals company’s stock after selling 700 shares during the period. Garrison Financial Corp’s holdings in RPM International were worth $595,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in RPM. Cutter & CO Brokerage Inc. raised its position in shares of RPM International by 1.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 4,601 shares of the specialty chemicals company’s stock valued at $253,000 after buying an additional 50 shares during the period. Buffington Mohr McNeal boosted its stake in shares of RPM International by 0.5% in the second quarter. Buffington Mohr McNeal now owns 19,570 shares of the specialty chemicals company’s stock valued at $1,068,000 after buying an additional 100 shares during the period. US Bancorp DE boosted its stake in shares of RPM International by 0.4% in the first quarter. US Bancorp DE now owns 35,552 shares of the specialty chemicals company’s stock valued at $1,957,000 after buying an additional 147 shares during the period. Flinton Capital Management LLC boosted its stake in shares of RPM International by 4.1% in the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock valued at $248,000 after buying an additional 176 shares during the period. Finally, Huntington National Bank boosted its stake in shares of RPM International by 1.1% in the first quarter. Huntington National Bank now owns 17,621 shares of the specialty chemicals company’s stock valued at $970,000 after buying an additional 200 shares during the period. 72.65% of the stock is owned by institutional investors.
Shares of RPM International Inc. (NYSE:RPM) opened at 48.79 on Friday. The company has a 50-day moving average of $53.25 and a 200 day moving average of $53.41. The firm has a market cap of $6.52 billion, a PE ratio of 35.74 and a beta of 1.54. RPM International Inc. has a one year low of $46.25 and a one year high of $56.48.
RPM International (NYSE:RPM) last released its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 earnings per share. On average, equities research analysts expect that RPM International Inc. will post $2.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.46%. The ex-dividend date was Thursday, July 13th. RPM International’s dividend payout ratio is presently 90.91%.
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Several analysts recently weighed in on the stock. BidaskClub cut shares of RPM International from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Bank of America Corporation reduced their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $58.00.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the sale, the senior vice president now directly owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by company 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, 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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