SG Americas Securities LLC Has $4.71 Million Stock Holdings in RPM International Inc. $RPM

SG Americas Securities LLC grew its stake in shares of RPM International Inc. (NYSE:RPM) by 1,863.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 45,257 shares of the specialty chemicals company’s stock after acquiring an additional 42,952 shares during the quarter. SG Americas Securities LLC’s holdings in RPM International were worth $4,707,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Boston Trust Walden Corp raised its stake in RPM International by 8.5% in the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock valued at $76,942,000 after purchasing an additional 51,152 shares in the last quarter. California State Teachers Retirement System grew its stake in 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 worth $39,096,000 after buying an additional 63,532 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in RPM International by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after buying an additional 888 shares during the period. Baird Financial Group Inc. raised its position in shares of RPM International by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock valued at $30,696,000 after buying an additional 1,076 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of RPM International by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,678 shares of the specialty chemicals company’s stock valued at $28,843,000 after buying an additional 3,749 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the transaction, the vice president directly owned 21,248 shares in the company, valued at approximately $2,343,866.88. This trade represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

RPM International Stock Performance

Shares of RPM International stock opened at $100.61 on Thursday. RPM International Inc. has a fifty-two week low of $92.92 and a fifty-two week high of $129.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. The firm has a market capitalization of $12.89 billion, a P/E ratio of 19.38, a P/E/G ratio of 2.42 and a beta of 1.10. The company’s 50 day moving average price is $107.85 and its two-hundred day moving average price is $109.17.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.21). RPM International had a return on equity of 22.49% and a net margin of 8.79%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, January 16th. RPM International’s dividend payout ratio is presently 41.62%.

Analyst Ratings Changes

RPM has been the topic of several analyst reports. KeyCorp reiterated a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. UBS Group lowered their price objective on shares of RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Citigroup cut their target price on RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Zacks Research lowered RPM International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $117.00 to $115.00 in a research report on Friday, January 9th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus price target of $127.25.

RPM International Company 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.