GAMMA Investing LLC Buys 1,003 Shares of RPM International Inc. (NYSE:RPM)

GAMMA Investing LLC boosted its stake in shares of RPM International Inc. (NYSE:RPM) by 107.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,936 shares of the specialty chemicals company’s stock after purchasing an additional 1,003 shares during the quarter. GAMMA Investing LLC’s holdings in RPM International were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of RPM International in the 4th quarter valued at about $25,000. HighPoint Advisor Group LLC purchased a new position in RPM International in the fourth quarter worth $630,000. Symmetry Partners LLC grew its holdings in RPM International by 3.9% in the first quarter. Symmetry Partners LLC now owns 5,373 shares of the specialty chemicals company’s stock worth $639,000 after purchasing an additional 200 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings 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 valued at $456,000 after purchasing an additional 110 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in RPM International during the 1st quarter worth $38,000. Institutional investors own 80.95% of the company’s stock.

Insider Activity at RPM International

In other RPM International news, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction on Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the transaction, the vice president now owns 21,183 shares of the company’s stock, valued at approximately $2,727,311.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of RPM International 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 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,691 shares of company stock worth $7,202,419 in the last three months. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RPM shares. JPMorgan Chase & Co. boosted their price target on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. UBS Group cut their price target on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Vertical Research raised 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. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $129.70.

RPM International Price Performance

NYSE:RPM opened at $131.19 on Friday. The firm’s fifty day moving average is $119.35 and its two-hundred day moving average is $114.24. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.94 and a beta of 1.00. RPM International Inc. has a one year low of $88.84 and a one year high of $131.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.64 earnings per share. Research analysts expect that RPM International Inc. will post 5.54 EPS for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.55%. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. 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.