One Capital Management LLC Buys 20,556 Shares of RPM International Inc. (NYSE:RPM)

One Capital Management LLC lifted its stake in shares of RPM International Inc. (NYSE:RPM) by 25.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,724 shares of the specialty chemicals company’s stock after purchasing an additional 20,556 shares during the quarter. One Capital Management LLC owned 0.08% of RPM International worth $10,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Plato Investment Management Ltd grew its stake in shares of RPM International by 2.5% during the second quarter. Plato Investment Management Ltd now owns 17,319 shares of the specialty chemicals company’s stock worth $1,865,000 after buying an additional 415 shares during the last quarter. Hardin Capital Partners LLC acquired a new position in RPM International in the 2nd quarter worth about $363,000. Cornercap Investment Counsel Inc. bought a new position in RPM International in the second quarter valued at about $950,000. Achmea Investment Management B.V. boosted its stake in shares of RPM International by 4.1% during the second quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company’s stock valued at $9,242,000 after purchasing an additional 3,363 shares in the last quarter. Finally, Forsta AP Fonden increased its stake in shares of RPM International by 13.2% in the second quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company’s stock valued at $2,778,000 after buying an additional 3,000 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction on Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the sale, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

RPM International Price Performance

Shares of NYSE RPM opened at $121.34 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average price is $114.92 and its 200-day moving average price is $113.10. The firm has a market capitalization of $15.62 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.79 and a beta of 1.00. RPM International Inc. has a 1-year low of $88.84 and a 1-year high of $122.92.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.56. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities research analysts anticipate that RPM International Inc. will post 5.51 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a yield of 1.52%. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RPM. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. lowered RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Friday, July 26th. Mizuho lowered their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Finally, StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, RPM International currently has a consensus rating of “Hold” and an average target price of $122.22.

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.