BARING ASSET MANAGEMENT Ltd lowered its holdings in shares of RPM International Inc. (NYSE:RPM) by 65.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,425 shares of the specialty chemicals company’s stock after selling 16,176 shares during the quarter. BARING ASSET MANAGEMENT Ltd’s holdings in RPM International were worth $432,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC boosted its position in RPM International by 2.7% during the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 57 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of RPM International by 116.9% during the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock valued at $154,000 after acquiring an additional 1,520 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of RPM International by 52.1% during the second quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock valued at $374,000 after acquiring an additional 2,352 shares during the last quarter. Airain ltd raised its holdings in shares of RPM International by 40.6% during the second quarter. Airain ltd now owns 7,524 shares of the specialty chemicals company’s stock valued at $410,000 after acquiring an additional 2,172 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in shares of RPM International by 52.5% during the second quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock valued at $416,000 after acquiring an additional 2,623 shares during the last quarter. Institutional investors own 73.43% of the company’s stock.

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Shares of RPM International Inc. (RPM) opened at 53.33 on Wednesday. RPM International Inc. has a 52 week low of $46.25 and a 52 week high of $56.48. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 38.34 and a beta of 1.55. The stock’s 50 day moving average price is $51.60 and its 200 day moving average price is $52.31.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Equities research analysts anticipate that RPM International Inc. will post $2.86 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were paid a $0.32 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, October 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.40%. RPM International’s dividend payout ratio (DPR) is currently 94.82%.

In other RPM International news, insider Ronald A. Rice sold 44,839 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total value of $2,324,005.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Several equities research analysts recently commented on RPM shares. Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 price target on shares of RPM International in a report on Friday, September 1st. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. TheStreet lowered RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. BidaskClub lowered RPM International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Bank of America Corporation lowered their price target on RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $57.00.

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

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