RPM International Inc. (NYSE:RPM) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of RPM International Inc. (NYSE:RPM) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475,784 shares of the specialty chemicals company’s stock after purchasing an additional 61,218 shares during the quarter. Bank of New York Mellon Corp owned 1.15% of RPM International worth $158,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RPM. V Square Quantitative Management LLC acquired a new position in shares of RPM International during the fourth quarter worth about $25,000. Rise Advisors LLC purchased a new stake in shares of RPM International during the first quarter worth about $38,000. Cambridge Trust Co. increased its position in shares of RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 246 shares during the last quarter. Versant Capital Management Inc increased its position in shares of RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 318 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of RPM International during the first quarter worth about $52,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

RPM opened at $115.38 on Tuesday. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. 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 Inc. has a 1-year low of $88.84 and a 1-year high of $122.92. The business has a 50 day moving average price of $112.71 and a two-hundred day moving average price of $112.50.

RPM International (NYSE:RPM) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. Research analysts predict that RPM International Inc. will post 5.51 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is currently 42.40%.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the company’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 completion of the sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at $120,590,982.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew T. Ratajczak sold 1,452 shares of the company’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 sale, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

RPM has been the topic of a number of analyst reports. Mizuho dropped their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets boosted their price objective on RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Tuesday, July 16th. UBS Group lowered their price objective on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $122.33.

RPM International 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.