RPM International Inc. (NYSE:RPM) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC trimmed its holdings in RPM International Inc. (NYSE:RPM) by 15.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 913 shares of the specialty chemicals company’s stock after selling 173 shares during the period. Eagle Bay Advisors LLC’s holdings in RPM International were worth $112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 82 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in shares of RPM International during the third quarter valued at about $35,000. Eastern Bank acquired a new stake in shares of RPM International during the third quarter valued at about $41,000. UMB Bank n.a. raised its stake in shares of RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after acquiring an additional 281 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of RPM International in the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

RPM has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Morgan Stanley increased their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Trading Up 1.3 %

Shares of NYSE:RPM opened at $122.04 on Tuesday. RPM International Inc. has a 52 week low of $103.63 and a 52 week high of $141.79. The company’s 50 day moving average is $131.13 and its two-hundred day moving average is $123.52. The company has a market cap of $15.71 billion, a PE ratio of 25.58, a P/E/G ratio of 1.98 and a beta of 1.02. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. RPM International’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. Equities analysts predict that RPM International Inc. will post 5.56 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, January 17th. RPM International’s dividend payout ratio (DPR) is 40.32%.

Insider Buying and Selling at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This represents a 14.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares in the company, valued at $1,474,315.44. This represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,927 shares of company stock worth $1,037,214 over the last three months. Insiders own 1.60% of the company’s stock.

RPM International Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.