Empire Life Investments Inc. lifted its position in RPM International Inc. (NYSE:RPM) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,178 shares of the specialty chemicals company’s stock after acquiring an additional 3,602 shares during the quarter. RPM International accounts for approximately 2.3% of Empire Life Investments Inc.’s investment portfolio, making the stock its 9th largest holding. Empire Life Investments Inc. owned approximately 0.43% of RPM International worth $30,098,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Elefante Mark B bought a new stake in shares of RPM International in the fourth quarter valued at about $213,000. Opus Capital Group LLC bought a new position in RPM International in the fourth quarter worth about $219,000. Logan Capital Management Inc. bought a new position in RPM International in the fourth quarter worth about $230,000. Caisse DE Depot ET Placement DU Quebec bought a new position in RPM International in the fourth quarter worth about $650,000. Finally, Quantitative Systematic Strategies LLC bought a new position in RPM International in the fourth quarter worth about $657,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.
Shares of RPM International Inc. (NYSE RPM) opened at $52.30 on Monday. The company has a market capitalization of $6,990.73, a P/E ratio of 19.23, a P/E/G ratio of 1.87 and a beta of 1.45. RPM International Inc. has a 52-week low of $46.80 and a 52-week high of $56.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 1.42.
In other RPM International news, Chairman Frank C. Sullivan sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total value of $1,833,300.00. Following the sale, the chairman now owns 1,188,489 shares in the company, valued at approximately $62,253,053.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Edward W. Moore sold 2,578 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total value of $138,670.62. Following the completion of the sale, the senior vice president now owns 98,417 shares in the company, valued at approximately $5,293,850.43. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered RPM International from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet upgraded RPM International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada restated a “hold” rating and set a $51.00 price target on shares of RPM International in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.80.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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