MetLife Investment Advisors LLC decreased its position in RPM International Inc. (NYSE:RPM) by 2.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 81,695 shares of the specialty chemicals company’s stock after selling 2,354 shares during the period. MetLife Investment Advisors LLC owned about 0.06% of RPM International worth $5,305,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in shares of RPM International during the third quarter worth approximately $2,681,000. BTIM Corp. increased its stake in RPM International by 2.4% in the third quarter. BTIM Corp. now owns 293,460 shares of the specialty chemicals company’s stock valued at $19,058,000 after purchasing an additional 6,958 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in RPM International by 277.2% in the second quarter. Canada Pension Plan Investment Board now owns 21,500 shares of the specialty chemicals company’s stock valued at $1,254,000 after purchasing an additional 15,800 shares in the last quarter. Cozad Asset Management Inc. bought a new stake in RPM International in the second quarter valued at approximately $2,433,000. Finally, Captrust Financial Advisors increased its stake in RPM International by 22,393.9% in the second quarter. Captrust Financial Advisors now owns 11,022 shares of the specialty chemicals company’s stock valued at $643,000 after purchasing an additional 10,973 shares in the last quarter. 74.96% of the stock is owned by hedge funds and other institutional investors.
Shares of RPM traded down $0.41 during trading hours on Friday, hitting $54.65. The company had a trading volume of 828,925 shares, compared to its average volume of 1,729,578. RPM International Inc. has a 12 month low of $46.36 and a 12 month high of $68.13. The firm has a market capitalization of $7.28 billion, a PE ratio of 18.72, a PEG ratio of 2.54 and a beta of 1.33. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.83 and a quick ratio of 1.15.
RPM International (NYSE:RPM) last released its quarterly earnings results on Friday, January 4th. The specialty chemicals company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.15). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. RPM International had a return on equity of 21.39% and a net margin of 4.47%. RPM International’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. Analysts predict that RPM International Inc. will post 2.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 16th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.56%. RPM International’s payout ratio is 47.95%.
In related news, Director John M. Ballbach purchased 3,360 shares of RPM International stock in a transaction dated Monday, October 15th. The shares were bought at an average cost of $59.53 per share, for a total transaction of $200,020.80. Following the purchase, the director now owns 13,260 shares in the company, valued at approximately $789,367.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.
RPM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday, December 14th. Royal Bank of Canada increased their target price on shares of RPM International to $66.00 and gave the stock a “market perform” rating in a report on Friday, November 30th. Vertical Research cut shares of RPM International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Morgan Stanley restated a “buy” rating on shares of RPM International in a report on Monday, October 8th. Finally, Seaport Global Securities restated a “hold” rating and set a $71.00 target price on shares of RPM International in a report on Monday, December 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. RPM International has a consensus rating of “Hold” and a consensus price target of $65.25.
About RPM International
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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