SG Americas Securities LLC Sells 1,619 Shares of RPM International Inc. (NYSE:RPM)

SG Americas Securities LLC reduced its position in shares of RPM International Inc. (NYSE:RPM) by 59.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,121 shares of the specialty chemicals company’s stock after selling 1,619 shares during the period. SG Americas Securities LLC’s holdings in RPM International were worth $138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of RPM International in the 3rd quarter worth approximately $1,295,000. National Pension Service lifted its holdings in shares of RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after purchasing an additional 10,317 shares in the last quarter. Toronto Dominion Bank raised its position in RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after buying an additional 4,062 shares during the last quarter. Forsta AP Fonden grew its stake in shares of RPM International by 166.7% in the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $8,325,000 after acquiring an additional 43,000 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in RPM International by 56.8% during the third quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock valued at $4,164,000 after purchasing an additional 12,470 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Trading Up 0.4 %

Shares of RPM stock opened at $122.00 on Tuesday. The company has a market cap of $15.69 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The stock’s 50 day simple moving average is $126.69 and its two-hundred day simple moving average is $125.67. RPM International Inc. has a 1 year low of $103.68 and a 1 year high of $141.79.

RPM International (NYSE:RPM) last announced its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. RPM International’s payout ratio is 40.32%.

Insider Activity

In related news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RPM shares. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group increased their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Mizuho cut their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

About RPM International

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.