One Capital Management LLC Boosts Stock Position in RPM International Inc. (NYSE:RPM)

One Capital Management LLC grew its holdings in shares of RPM International Inc. (NYSE:RPM) by 25.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,724 shares of the specialty chemicals company’s stock after purchasing an additional 20,556 shares during the quarter. One Capital Management LLC’s holdings in RPM International were worth $10,954,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Plato Investment Management Ltd grew its position in RPM International by 2.5% during the second quarter. Plato Investment Management Ltd now owns 17,319 shares of the specialty chemicals company’s stock valued at $1,865,000 after buying an additional 415 shares during the period. Hardin Capital Partners LLC bought a new position in shares of RPM International during the 2nd quarter valued at approximately $363,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of RPM International during the 2nd quarter worth approximately $950,000. Achmea Investment Management B.V. raised its holdings in shares of RPM International by 4.1% in the 2nd quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company’s stock worth $9,242,000 after purchasing an additional 3,363 shares during the period. Finally, Forsta AP Fonden lifted its stake in RPM International by 13.2% in the second quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company’s stock valued at $2,778,000 after purchasing an additional 3,000 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction that occurred 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 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 filing with the SEC, which is available through this link. In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction dated 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 sale, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction dated Friday, August 16th. The shares were 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 owns 1,039,040 shares in the company, valued at $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on RPM shares. Wells Fargo & Company boosted their target price 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. Royal Bank of Canada upped their price objective on shares of RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Mizuho reduced their target price on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, JPMorgan Chase & Co. lowered shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.22.

RPM International Stock Performance

RPM International stock opened at $121.34 on Monday. RPM International Inc. has a 1-year low of $88.84 and a 1-year high of $122.92. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $15.62 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The firm’s 50 day simple moving average is $114.92 and its 200 day simple moving average is $113.10.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting the consensus estimate of $1.56. The firm had revenue of $2.01 billion for 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 quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. As a group, analysts expect that RPM International Inc. will post 5.51 earnings per share for the current fiscal year.

RPM International Dividend Announcement

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

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.