Amalgamated Bank Sells 5,213 Shares of RPM International Inc. (NYSE:RPM)

Amalgamated Bank lowered its holdings in shares of RPM International Inc. (NYSE:RPM) by 7.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 65,363 shares of the specialty chemicals company’s stock after selling 5,213 shares during the period. Amalgamated Bank’s holdings in RPM International were worth $7,038,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RPM. United Services Automobile Association acquired a new stake in shares of RPM International during the fourth quarter worth $1,131,000. California State Teachers Retirement System increased its position in shares of RPM International by 6.7% during the fourth quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock worth $26,708,000 after buying an additional 15,084 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of RPM International by 73.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,871 shares of the specialty chemicals company’s stock worth $767,000 after buying an additional 2,910 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of RPM International by 337.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock worth $24,649,000 after buying an additional 170,369 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of RPM International during the fourth quarter worth $25,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Mizuho decreased their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wells Fargo & Company raised their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. BMO Capital Markets reduced their price target on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Tuesday, August 27th. Finally, Vertical Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, RPM International currently has an average rating of “Hold” and a consensus price target of $122.22.

RPM International Stock Up 1.9 %

Shares of NYSE RPM opened at $124.97 on Friday. The stock has a market capitalization of $16.09 billion, a P/E ratio of 28.79, a P/E/G ratio of 1.83 and a beta of 1.00. The company has a 50-day moving average price of $115.95 and a 200-day moving average price of $113.27. RPM International Inc. has a 1 year low of $88.84 and a 1 year high of $125.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The business’s revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. On average, equities research analysts forecast that RPM International Inc. will post 5.51 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, July 17th. RPM International’s payout ratio is currently 42.40%.

Insider Activity at RPM International

In related news, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $120,590,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $120,590,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

RPM International Company 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.