Mawer Investment Management Ltd. Reduces Stake in RPM International Inc. (NYSE:RPM)

Mawer Investment Management Ltd. lowered its stake in RPM International Inc. (NYSE:RPM) by 4.6% in the 4th quarter, HoldingsChannel reports. The fund owned 719,600 shares of the specialty chemicals company’s stock after selling 34,962 shares during the period. Mawer Investment Management Ltd.’s holdings in RPM International were worth $65,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RPM. Ellevest Inc. grew its position in RPM International by 22.0% in the third quarter. Ellevest Inc. now owns 1,397 shares of the specialty chemicals company’s stock worth $116,000 after acquiring an additional 252 shares in the last quarter. Bradley Foster & Sargent Inc. CT bought a new stake in RPM International in the third quarter worth about $306,000. Parallel Advisors LLC lifted its stake in RPM International by 416.6% in the third quarter. Parallel Advisors LLC now owns 935 shares of the specialty chemicals company’s stock worth $77,000 after purchasing an additional 754 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in RPM International in the third quarter worth about $92,000. Finally, Toronto Dominion Bank lifted its stake in RPM International by 8.2% in the third quarter. Toronto Dominion Bank now owns 27,870 shares of the specialty chemicals company’s stock worth $2,310,000 after purchasing an additional 2,116 shares during the last quarter. Institutional investors own 74.67% of the company’s stock.

In related news, SVP Edward W. Moore sold 8,811 shares of the business’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $86.68, for a total transaction of $763,737.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell L. Gordon sold 9,668 shares of the company’s stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $84.89, for a total transaction of $820,716.52. Following the completion of the transaction, the chief financial officer now owns 103,997 shares of the company’s stock, valued at approximately $8,828,305.33. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Several brokerages have issued reports on RPM. Royal Bank of Canada downgraded shares of RPM International from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $102.00 to $98.00 in a research note on Friday, January 8th. Morgan Stanley downgraded shares of RPM International from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 14th. Zacks Investment Research downgraded shares of RPM International from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a research note on Thursday, January 7th. Finally, BMO Capital Markets lifted their price target on shares of RPM International from $109.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, January 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $91.70.

NYSE:RPM traded down $1.20 during trading hours on Tuesday, reaching $81.35. The company’s stock had a trading volume of 2,643 shares, compared to its average volume of 642,645. The stock has a 50 day moving average price of $86.23 and a two-hundred day moving average price of $86.53. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.43 and a current ratio of 2.17. RPM International Inc. has a 12 month low of $42.85 and a 12 month high of $98.35. The company has a market capitalization of $10.58 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, January 5th. The specialty chemicals company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.06. RPM International had a net margin of 7.50% and a return on equity of 35.72%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts predict that RPM International Inc. will post 4.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 29th. Shareholders of record on Friday, January 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.87%. The ex-dividend date was Thursday, January 14th. RPM International’s dividend payout ratio is currently 49.51%.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It 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; 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 and sealants, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; and insulated building cladding materials and concrete form wall systems.

Read More: What is a stock buyback?

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.