GW&K Investment Management LLC Cuts Stake in RPM International Inc. (NYSE:RPM)

GW&K Investment Management LLC reduced its stake in RPM International Inc. (NYSE:RPM) by 3.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 691,456 shares of the specialty chemicals company’s stock after selling 27,923 shares during the quarter. GW&K Investment Management LLC’s holdings in RPM International were worth $47,579,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bartlett & Co. LLC purchased a new position in shares of RPM International in the 3rd quarter worth about $28,000. Cullen Frost Bankers Inc. purchased a new position in shares of RPM International in the 2nd quarter worth about $35,000. Bridger Capital Management LLC purchased a new position in shares of RPM International in the 3rd quarter worth about $58,000. Machina Capital S.A.S. purchased a new position in shares of RPM International in the 2nd quarter worth about $56,000. Finally, Putnam FL Investment Management Co. purchased a new position in shares of RPM International in the 2nd quarter worth about $61,000. 77.01% of the stock is currently owned by institutional investors.

NYSE RPM traded up $1.74 during trading on Friday, hitting $75.62. 1,303,083 shares of the company’s stock traded hands, compared to its average volume of 680,954. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.28 and a beta of 1.27. RPM International Inc. has a 12-month low of $51.95 and a 12-month high of $75.88. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.04 and a current ratio of 1.61. The business has a 50 day moving average of $69.79 and a 200-day moving average of $64.36.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. RPM International had a return on equity of 25.98% and a net margin of 5.43%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, analysts expect that RPM International Inc. will post 3.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.36 per share. The ex-dividend date was Friday, October 11th. This is a boost from RPM International’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. RPM International’s dividend payout ratio is currently 53.14%.

A number of brokerages recently weighed in on RPM. Robert W. Baird set a $72.00 price target on shares of RPM International and gave the stock a “hold” rating in a report on Wednesday, August 21st. Vertical Research raised shares of RPM International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Co began coverage on shares of RPM International in a report on Tuesday, October 15th. They issued an “outperform” rating and a $80.00 price target on the stock. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Wednesday, July 24th. Finally, BMO Capital Markets boosted their price target on shares of RPM International from $69.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.00.

In other news, Director David A. Daberko sold 12,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $69.51, for a total transaction of $834,120.00. Following the sale, the director now directly owns 18,665 shares in the company, valued at $1,297,404.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Edward W. Moore sold 6,127 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $68.47, for a total transaction of $419,515.69. Following the completion of the transaction, the senior vice president now owns 57,998 shares in the company, valued at $3,971,123.06. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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