RPM International Inc. (NYSE:RPM) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in RPM International Inc. (NYSE:RPM) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,760 shares of the specialty chemicals company’s stock after selling 2,603 shares during the quarter. Amalgamated Bank’s holdings in RPM International were worth $7,594,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Creative Financial Designs Inc. ADV grew its stake in 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 buying an additional 82 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of RPM International by 15.5% during the second quarter. GAMMA Investing LLC now owns 933 shares of the specialty chemicals company’s stock valued at $100,000 after acquiring an additional 125 shares during the last quarter. Summit Financial LLC grew its holdings in shares of RPM International by 5.9% during the second quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock worth $271,000 after buying an additional 141 shares in the last quarter. SVB Wealth LLC grew its stake in RPM International by 3.0% in the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after acquiring an additional 159 shares during the period. Finally, Motley Fool Asset Management LLC increased its stake in RPM International by 8.1% in the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions at RPM International

In related news, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the sale, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were 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 approximately $3,040,297.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,572 shares of company stock valued at $7,988,133 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RPM has been the topic of a number of research analyst reports. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Tuesday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Royal Bank of Canada lifted their price target on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Mizuho dropped their target price on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Morgan Stanley raised their target price on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $129.70.

RPM International Trading Up 3.9 %

RPM stock opened at $134.51 on Thursday. The company has a market cap of $17.31 billion, a P/E ratio of 28.20, a PEG ratio of 1.91 and a beta of 0.99. RPM International Inc. has a twelve month low of $95.44 and a twelve month high of $134.77. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $124.85 and a 200-day moving average of $116.43.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts expect that RPM International Inc. will post 5.55 EPS for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were issued a $0.51 dividend. The ex-dividend date was Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.52%. RPM International’s dividend payout ratio (DPR) is 42.77%.

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.