Toronto Dominion Bank Has $1.33 Million Position in RPM International Inc. (NYSE:RPM)

Toronto Dominion Bank reduced its holdings in RPM International Inc. (NYSE:RPM) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,322 shares of the specialty chemicals company’s stock after selling 137 shares during the period. Toronto Dominion Bank’s holdings in RPM International were worth $1,327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of RPM International by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock worth $96,000 after purchasing an additional 101 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of RPM International by 3.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock worth $456,000 after purchasing an additional 110 shares during the last quarter. Summit Financial LLC increased its stake in shares of RPM International by 5.9% during the 2nd quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock worth $271,000 after purchasing an additional 141 shares during the last quarter. SVB Wealth LLC increased its stake in shares of RPM International by 3.0% during the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 159 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its stake in shares of RPM International by 8.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 197 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RPM International

In other news, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value 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 approximately $120,590,982.40. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

RPM International Price Performance

Shares of NYSE RPM opened at $121.01 on Tuesday. The stock has a market capitalization of $15.58 billion, a PE ratio of 27.88, a P/E/G ratio of 1.85 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. The business has a fifty day moving average price of $117.62 and a two-hundred day moving average price of $113.58. RPM International Inc. has a fifty-two week low of $88.84 and a fifty-two week high of $125.35.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 26.80% and a net margin of 8.02%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. As a group, equities analysts predict that RPM International Inc. will post 5.51 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 annualized dividend and a yield of 1.52%. RPM International’s dividend payout ratio is presently 42.40%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RPM. JPMorgan Chase & Co. lowered shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 26th. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada raised their price objective on shares of RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Mizuho cut 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. Finally, Wells Fargo & Company boosted their price target on RPM International from $110.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $122.22.

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.