Amalgamated Bank Sells 2,603 Shares of RPM International Inc. (NYSE:RPM)

Amalgamated Bank lessened its holdings in RPM International Inc. (NYSE:RPM) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,760 shares of the specialty chemicals company’s stock after selling 2,603 shares during the period. Amalgamated Bank’s holdings in RPM International were worth $7,594,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its position in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in shares of RPM International during the 3rd quarter valued at $35,000. Cambridge Trust Co. grew its position in RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 246 shares during the period. Versant Capital Management Inc increased its holdings in 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 buying an additional 318 shares during the last quarter. Finally, Eastern Bank bought a new position in shares of RPM International during the 3rd quarter valued at approximately $41,000. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the 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 sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at $120,590,982.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,572 shares of company stock worth $7,988,133 over the last quarter. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada boosted their target price on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $129.70.

RPM International Trading Up 3.9 %

RPM International stock opened at $134.51 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The company has a market cap of $17.31 billion, a P/E ratio of 28.20, a P/E/G ratio of 1.91 and a beta of 0.99. RPM International Inc. has a 52-week low of $95.44 and a 52-week high of $134.77. The business has a 50-day simple moving average of $124.85 and a two-hundred day simple moving average of $116.43.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Analysts predict that RPM International Inc. will post 5.55 EPS for the current year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.52%. RPM International’s payout ratio is 42.77%.

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.