Russell Investments Group Ltd. Sells 2,202 Shares of RPM International Inc. $RPM

Russell Investments Group Ltd. reduced its stake in RPM International Inc. (NYSE:RPM - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,360 shares of the specialty chemicals company's stock after selling 2,202 shares during the period. Russell Investments Group Ltd. owned 0.09% of RPM International worth $12,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RPM. iA Global Asset Management Inc. lifted its stake in RPM International by 19.0% during the first quarter. iA Global Asset Management Inc. now owns 2,058 shares of the specialty chemicals company's stock valued at $238,000 after purchasing an additional 328 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in RPM International by 43.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 118 shares during the last quarter. Cary Street Partners Financial LLC lifted its stake in RPM International by 136.6% during the first quarter. Cary Street Partners Financial LLC now owns 6,001 shares of the specialty chemicals company's stock valued at $694,000 after purchasing an additional 3,465 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in RPM International by 2.0% during the first quarter. Cozad Asset Management Inc. now owns 26,914 shares of the specialty chemicals company's stock valued at $3,113,000 after purchasing an additional 518 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its stake in RPM International by 8.8% during the first quarter. Dorsey Wright & Associates now owns 29,683 shares of the specialty chemicals company's stock valued at $3,434,000 after purchasing an additional 2,396 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Stock Down 1.7%

Shares of RPM International stock traded down $2.1410 during midday trading on Wednesday, reaching $124.1090. 996,983 shares of the company's stock traded hands, compared to its average volume of 769,967. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. The company's 50 day simple moving average is $114.87 and its 200 day simple moving average is $114.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79.

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

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a $0.51 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. RPM International's dividend payout ratio (DPR) is presently 38.13%.

Wall Street Analysts Forecast Growth

RPM has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Mizuho upped their price target 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. UBS Group upped their price target on shares of RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price target on shares of RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada upped their price target 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.09.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the sale, the director directly owned 7,394 shares in the company, valued at $882,547.84. This trade represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

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.