River Road Asset Management LLC Trims Stake in RPM International Inc. (RPM)

River Road Asset Management LLC cut its holdings in shares of RPM International Inc. (NYSE:RPM) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 674,963 shares of the specialty chemicals company’s stock after selling 50,410 shares during the period. River Road Asset Management LLC’s holdings in RPM International were worth $39,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of RPM International by 5,778.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,112,225 shares of the specialty chemicals company’s stock worth $53,000 after buying an additional 3,059,278 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of RPM International by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 1,682,584 shares of the specialty chemicals company’s stock worth $109,267,000 after buying an additional 7,278 shares during the period. BTIM Corp. lifted its stake in shares of RPM International by 10.1% during the fourth quarter. BTIM Corp. now owns 323,085 shares of the specialty chemicals company’s stock worth $18,991,000 after buying an additional 29,625 shares during the period. American International Group Inc. lifted its stake in shares of RPM International by 0.8% during the third quarter. American International Group Inc. now owns 271,384 shares of the specialty chemicals company’s stock worth $17,624,000 after buying an additional 2,130 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its stake in shares of RPM International by 1.4% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 187,347 shares of the specialty chemicals company’s stock worth $11,012,000 after buying an additional 2,672 shares during the period. Hedge funds and other institutional investors own 77.57% of the company’s stock.

Shares of RPM International stock traded up $0.07 during trading on Wednesday, hitting $57.63. 613 shares of the company’s stock were exchanged, compared to its average volume of 1,083,370. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.83 and a quick ratio of 1.15. RPM International Inc. has a 52-week low of $46.36 and a 52-week high of $68.13. The stock has a market cap of $7.60 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.65 and a beta of 1.19.

RPM International (NYSE:RPM) last issued its earnings results on Friday, January 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.15). RPM International had a return on equity of 21.39% and a net margin of 4.47%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $0.70 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts expect that RPM International Inc. will post 2.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Wednesday, January 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, January 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.43%. RPM International’s payout ratio is 47.95%.

RPM has been the subject of several research reports. Zacks Investment Research reiterated a “buy” rating and set a $67.00 price objective on shares of RPM International in a research note on Monday, December 31st. BMO Capital Markets set a $72.00 price objective on shares of RPM International and gave the stock a “buy” rating in a research note on Friday, January 4th. Bank of America reissued a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of RPM International in a report on Thursday, November 29th. Royal Bank of Canada reissued a “hold” rating and set a $59.00 target price on shares of RPM International in a report on Sunday, January 6th. Finally, ValuEngine cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $65.25.

TRADEMARK VIOLATION WARNING: This piece was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.com-unik.info/2019/02/13/river-road-asset-management-llc-trims-stake-in-rpm-international-inc-rpm.html.

RPM International Company 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.

Recommended Story: How prevalent are 12b-1 fees?

Want to see what other hedge funds are holding RPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RPM International Inc. (NYSE:RPM).

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

Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit