Pacer Advisors Inc. Sells 15,815 Shares of RPM International Inc. (NYSE:RPM)

Key Points

• Pacer Advisors Inc. has significantly reduced its stake in RPM International Inc. by 82.4%, now holding only 3,370 shares after selling 15,815 shares during the first quarter.
• RPM International reported earnings of $1.72 per share, exceeding analysts' expectations, with revenue for the quarter reaching $2.08 billion, a growth of 3.7% year-over-year.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 1.7%, with a current dividend payout ratio of 38.13%.

Pacer Advisors Inc. lessened its stake in RPM International Inc. (NYSE:RPM - Free Report) by 82.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,370 shares of the specialty chemicals company's stock after selling 15,815 shares during the quarter. Pacer Advisors Inc.'s holdings in RPM International were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fiduciary Alliance LLC boosted its holdings in shares of RPM International by 1.3% in the first quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock valued at $1,060,000 after buying an additional 116 shares during the period. GAMMA Investing LLC boosted its holdings in shares of RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock valued at $271,000 after buying an additional 161 shares during the period. Archer Investment Corp boosted its holdings in shares of RPM International by 21.2% in the first quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company's stock valued at $133,000 after buying an additional 201 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after buying an additional 344 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of RPM International by 71.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock valued at $106,000 after buying an additional 384 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RPM shares. Fermium Researc upgraded shares of RPM International to a "hold" rating in a report on Wednesday, April 9th. Wells Fargo & Company upped their price target on shares of RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on shares of RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. Citigroup began coverage on shares of RPM International in a research report on Monday, June 2nd. They issued a "buy" rating and a $135.00 price objective on the stock. Finally, Mizuho increased their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.40.

RPM International Trading Down 0.3%

Shares of NYSE:RPM traded down $0.33 during mid-day trading on Wednesday, hitting $119.66. The company had a trading volume of 355,513 shares, compared to its average volume of 775,331. The firm has a fifty day moving average price of $113.35 and a 200 day moving average price of $114.77. The company has a market capitalization of $15.36 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.16 and a quick ratio of 1.45. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.02 billion. RPM International had a net margin of 9.34% and a return on equity of 24.94%. RPM International's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. As a group, research analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 15th. RPM International's payout ratio is 38.13%.

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.