Bank of New York Mellon Corp Cuts Stake in RPM International Inc. $RPM

Bank of New York Mellon Corp lessened its holdings in shares of RPM International Inc. (NYSE:RPM) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,292,836 shares of the specialty chemicals company’s stock after selling 43,851 shares during the period. Bank of New York Mellon Corp’s holdings in RPM International were worth $152,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPM. Boston Trust Walden Corp raised its stake in RPM International by 18.1% in the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock valued at $66,076,000 after buying an additional 92,358 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of RPM International by 21.7% during the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after acquiring an additional 63,532 shares in the last quarter. ABN Amro Investment Solutions purchased a new position in shares of RPM International in the 2nd quarter valued at approximately $6,553,000. Quantbot Technologies LP purchased a new position in shares of RPM International in the 2nd quarter valued at approximately $2,791,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in RPM International by 69.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 48,104 shares of the specialty chemicals company’s stock worth $5,284,000 after purchasing an additional 19,669 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RPM. Citigroup cut their price target on shares of RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. KeyCorp reissued a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. Mizuho set a $120.00 price target on RPM International in a research report on Thursday, January 8th. JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $117.00 to $115.00 in a research note on Friday, January 9th. Finally, UBS Group reduced their price objective on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and a consensus price target of $126.75.

Insider Buying and Selling at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the transaction, the vice president directly owned 21,248 shares of the company’s stock, valued at $2,343,866.88. The trade was a 13.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

RPM International Price Performance

Shares of RPM opened at $106.90 on Friday. The business’s 50-day moving average is $107.02 and its two-hundred day moving average is $113.34. The company has a market capitalization of $13.69 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.59 and a beta of 1.11. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $129.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. Research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is presently 41.62%.

RPM International Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.