Pacer Advisors Inc. Reduces Stock Position in 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. lowered its stake in RPM International Inc. (NYSE:RPM - Free Report) by 82.4% during 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RPM. Geode Capital Management LLC raised its stake in shares of RPM International by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock worth $336,198,000 after buying an additional 79,256 shares during the period. Abacus FCF Advisors LLC raised its stake in shares of RPM International by 46.1% in the fourth quarter. Abacus FCF Advisors LLC now owns 30,245 shares of the specialty chemicals company's stock worth $3,722,000 after buying an additional 9,548 shares during the period. Sterling Capital Management LLC raised its stake in shares of RPM International by 47.3% in the fourth quarter. Sterling Capital Management LLC now owns 6,296 shares of the specialty chemicals company's stock worth $775,000 after buying an additional 2,022 shares during the period. United Capital Financial Advisors LLC raised its stake in shares of RPM International by 2.6% in the fourth quarter. United Capital Financial Advisors LLC now owns 15,891 shares of the specialty chemicals company's stock worth $1,956,000 after buying an additional 408 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of RPM International by 66.1% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,790 shares of the specialty chemicals company's stock worth $1,205,000 after buying an additional 3,897 shares during the period. Institutional investors own 80.95% of the company's stock.

RPM International Trading Down 0.0%

Shares of RPM International stock traded down $0.04 on Friday, reaching $117.37. The company had a trading volume of 771,920 shares, compared to its average volume of 904,439. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 1.46 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. The firm's 50-day moving average price is $113.13 and its two-hundred day moving average price is $114.79. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $141.79.

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

RPM International Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on RPM shares. BMO Capital Markets raised their price objective on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their price target on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Robert W. Baird lowered their price target on RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley boosted their price target on RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Fermium Researc raised RPM International to a "hold" rating in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.40.

RPM International Profile

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.