Metropolitan Life Insurance Co NY Decreases Position in RPM International Inc. (NYSE:RPM)

Metropolitan Life Insurance Co NY decreased its holdings in RPM International Inc. (NYSE:RPM) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,192 shares of the specialty chemicals company’s stock after selling 1,537 shares during the period. Metropolitan Life Insurance Co NY’s holdings in RPM International were worth $2,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of RPM. TimesSquare Capital Management LLC boosted its holdings in RPM International by 156.4% in the third quarter. TimesSquare Capital Management LLC now owns 1,694,000 shares of the specialty chemicals company’s stock valued at $116,564,000 after purchasing an additional 1,033,400 shares during the period. Cramer Rosenthal Mcglynn LLC raised its position in RPM International by 13.9% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,470,121 shares of the specialty chemicals company’s stock valued at $89,839,000 after purchasing an additional 179,678 shares in the last quarter. Mawer Investment Management Ltd. raised its position in RPM International by 68.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 271,461 shares of the specialty chemicals company’s stock valued at $16,589,000 after purchasing an additional 109,865 shares in the last quarter. Coho Partners Ltd. purchased a new position in shares of RPM International in the 2nd quarter valued at about $6,387,000. Finally, California Public Employees Retirement System boosted its stake in shares of RPM International by 30.6% in the 3rd quarter. California Public Employees Retirement System now owns 319,903 shares of the specialty chemicals company’s stock valued at $22,013,000 after buying an additional 74,887 shares during the period. Institutional investors and hedge funds own 76.08% of the company’s stock.

NYSE:RPM opened at $73.35 on Tuesday. The stock has a 50-day simple moving average of $72.51 and a 200-day simple moving average of $65.98. The stock has a market cap of $9.56 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.28 and a beta of 1.25. RPM International Inc. has a 1 year low of $51.95 and a 1 year 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.

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

A number of equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective on RPM International from $69.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. 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 target price on the stock. Vertical Group upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. UBS Group began coverage on shares of RPM International in a report on Thursday, October 10th. They set a “buy” rating and a $85.00 price target for the company. Finally, ValuEngine downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $71.63.

In other RPM International news, SVP Edward W. Moore sold 6,127 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $68.47, for a total value of $419,515.69. Following the transaction, the senior vice president now directly owns 57,998 shares in the company, valued at $3,971,123.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Daberko sold 12,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $1,297,404.15. 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.

Featured Article: FAANG Stocks

Want to see what other hedge funds are holding RPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RPM International Inc. (NYSE:RPM).

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

Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.