LaFleur & Godfrey LLC Has $5.10 Million Position in RPM International Inc. (RPM)
LaFleur & Godfrey LLC raised its stake in shares of RPM International Inc. (NYSE:RPM) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,422 shares of the specialty chemicals company’s stock after buying an additional 275 shares during the period. RPM International comprises 1.3% of LaFleur & Godfrey LLC’s portfolio, making the stock its 29th largest position. LaFleur & Godfrey LLC owned approximately 0.07% of RPM International worth $5,096,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Huntington National Bank raised its stake in shares of RPM International by 1.1% in the first quarter. Huntington National Bank now owns 17,621 shares of the specialty chemicals company’s stock valued at $970,000 after buying an additional 200 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of RPM International by 4.1% in the first quarter. Meadow Creek Investment Management LLC now owns 6,204 shares of the specialty chemicals company’s stock valued at $341,000 after buying an additional 242 shares during the period. DF Dent & Co. Inc. raised its stake in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares during the period. World Asset Management Inc raised its stake in shares of RPM International by 14.8% in the first quarter. World Asset Management Inc now owns 9,968 shares of the specialty chemicals company’s stock valued at $549,000 after buying an additional 1,288 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of RPM International during the first quarter valued at about $738,000. 72.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RPM International Inc. (RPM) opened at 48.79 on Friday. RPM International Inc. has a 12-month low of $46.25 and a 12-month high of $56.48. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 35.74 and a beta of 1.54. The stock has a 50 day moving average of $53.25 and a 200 day moving average of $53.41.
RPM International (NYSE:RPM) last released its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that RPM International Inc. will post $2.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, July 13th. RPM International’s dividend payout ratio is presently 90.91%.
RPM has been the topic of several analyst reports. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, June 7th. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $60.00 in a report on Tuesday, May 16th. BidaskClub lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Bank of America Corporation lowered their price target on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. RPM International currently has a consensus rating of “Hold” and an average price target of $58.00.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the transaction, the senior vice president now owns 92,549 shares in the company, valued at $4,816,249.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.
RPM International Company Profile
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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