RPM International Inc. (NYSE:RPM) Shares Purchased by Tudor Investment Corp Et Al

Tudor Investment Corp Et Al increased its position in shares of RPM International Inc. (NYSE:RPM) by 63.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,745 shares of the specialty chemicals company’s stock after purchasing an additional 2,624 shares during the quarter. Tudor Investment Corp Et Al’s holdings in RPM International were worth $506,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of RPM. Benedict Financial Advisors Inc. increased its stake in RPM International by 0.9% in the second quarter. Benedict Financial Advisors Inc. now owns 19,548 shares of the specialty chemicals company’s stock valued at $1,467,000 after purchasing an additional 169 shares during the last quarter. Wellington Shields Capital Management LLC grew its position in RPM International by 3.2% during the second quarter. Wellington Shields Capital Management LLC now owns 6,125 shares of the specialty chemicals company’s stock valued at $460,000 after acquiring an additional 190 shares during the period. Dupont Capital Management Corp grew its position in RPM International by 1.5% during the second quarter. Dupont Capital Management Corp now owns 15,835 shares of the specialty chemicals company’s stock valued at $1,189,000 after acquiring an additional 232 shares during the period. Cigna Investments Inc. New grew its position in RPM International by 7.5% during the first quarter. Cigna Investments Inc. New now owns 3,566 shares of the specialty chemicals company’s stock valued at $212,000 after acquiring an additional 250 shares during the period. Finally, Column Capital Advisors LLC grew its position in RPM International by 37.1% during the first quarter. Column Capital Advisors LLC now owns 1,141 shares of the specialty chemicals company’s stock valued at $68,000 after acquiring an additional 309 shares during the period. 77.78% of the stock is owned by hedge funds and other institutional investors.

Shares of RPM International stock opened at $85.17 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 1.47 and a debt-to-equity ratio of 1.94. The business’s 50 day simple moving average is $84.19 and its 200-day simple moving average is $72.63. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.50 and a beta of 1.13. RPM International Inc. has a twelve month low of $42.85 and a twelve month high of $87.80.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Monday, July 27th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. RPM International had a return on equity of 29.73% and a net margin of 5.53%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. Sell-side analysts predict that RPM International Inc. will post 3.68 earnings per share for the current year.

RPM has been the subject of a number of research reports. Morgan Stanley boosted their price target on RPM International from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Royal Bank of Canada upped their target price on RPM International from $78.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. BMO Capital Markets upped their target price on RPM International from $80.00 to $101.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Wednesday, July 29th. Finally, Northcoast Research reissued a “neutral” rating on shares of RPM International in a report on Monday, July 27th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. RPM International has an average rating of “Buy” and a consensus price target of $87.63.

In other RPM International news, SVP Edward W. Moore sold 6,618 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $81.11, for a total transaction of $536,785.98. Following the completion of the transaction, the senior vice president now directly owns 62,186 shares of the company’s stock, valued at approximately $5,043,906.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frank C. Sullivan sold 39,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $84.69, for a total value of $3,302,910.00. Following the transaction, the chief executive officer now directly owns 986,766 shares of the company’s stock, valued at $83,569,212.54. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

RPM International Profile

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.

Read More: Price to Earnings Ratio (PE) Basics

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

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