Cramer Rosenthal Mcglynn LLC lowered its holdings in shares of RPM International Inc. (NYSE:RPM) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 634,986 shares of the specialty chemicals company’s stock after selling 1,028 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.48% of RPM International worth $33,286,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Amalgamated Bank grew its holdings in RPM International by 5.6% during the fourth quarter. Amalgamated Bank now owns 27,530 shares of the specialty chemicals company’s stock worth $1,443,000 after purchasing an additional 1,463 shares during the period. Aperio Group LLC grew its holdings in RPM International by 6.5% during the third quarter. Aperio Group LLC now owns 27,742 shares of the specialty chemicals company’s stock worth $1,424,000 after purchasing an additional 1,696 shares during the period. SeaBridge Investment Advisors LLC grew its holdings in RPM International by 1.3% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 152,690 shares of the specialty chemicals company’s stock worth $8,004,000 after purchasing an additional 2,000 shares during the period. Pacer Advisors Inc. grew its holdings in RPM International by 13.9% during the third quarter. Pacer Advisors Inc. now owns 21,359 shares of the specialty chemicals company’s stock worth $1,097,000 after purchasing an additional 2,612 shares during the period. Finally, US Bancorp DE grew its holdings in RPM International by 6.3% during the fourth quarter. US Bancorp DE now owns 46,299 shares of the specialty chemicals company’s stock worth $2,427,000 after purchasing an additional 2,731 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.
In other news, SVP Edward W. Moore sold 2,578 shares of the business’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 transaction of $138,670.62. Following the completion of the sale, the senior vice president now owns 98,417 shares in the company, valued at $5,293,850.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of the business’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 of the company’s stock, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.
Shares of RPM International Inc. (NYSE:RPM) opened at $51.73 on Tuesday. RPM International Inc. has a 1-year low of $46.80 and a 1-year high of $56.69. The stock has a market capitalization of $6,990.00, a P/E ratio of 20.45, a PEG ratio of 1.87 and a beta of 1.45. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. RPM International had a return on equity of 25.05% and a net margin of 6.80%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. equities research analysts expect that RPM International Inc. will post 3.02 EPS for the current year.
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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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