Toronto Dominion Bank Cuts Stake in RPM International Inc. (NYSE:RPM)

Toronto Dominion Bank cut its holdings in RPM International Inc. (NYSE:RPM) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,140 shares of the specialty chemicals company’s stock after selling 265 shares during the quarter. Toronto Dominion Bank’s holdings in RPM International were worth $2,052,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Eagle Bay Advisors LLC bought a new stake in RPM International in the second quarter worth $34,000. Bartlett & Co. LLC raised its holdings in shares of RPM International by 74.8% in the second quarter. Bartlett & Co. LLC now owns 699 shares of the specialty chemicals company’s stock valued at $62,000 after acquiring an additional 299 shares in the last quarter. Certified Advisory Corp purchased a new position in RPM International in the first quarter valued at about $85,000. Sowell Financial Services LLC grew its stake in RPM International by 43.1% in the first quarter. Sowell Financial Services LLC now owns 1,751 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 527 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in RPM International by 1,579.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,167 shares of the specialty chemicals company’s stock valued at $192,000 after purchasing an additional 2,038 shares during the last quarter. 76.36% of the stock is owned by hedge funds and other institutional investors.

Shares of RPM stock opened at $77.90 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.09 and a quick ratio of 1.38. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 4.04 and a beta of 0.95. The stock has a 50 day simple moving average of $84.02 and a 200-day simple moving average of $89.21. RPM International Inc. has a 1-year low of $76.43 and a 1-year high of $99.30.

RPM International (NYSE:RPM) last announced its earnings results on Sunday, July 25th. The specialty chemicals company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.02. RPM International had a return on equity of 34.41% and a net margin of 8.23%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the company posted $1.13 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. Analysts anticipate that RPM International Inc. will post 3.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 30th. Investors of record on Thursday, July 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Wednesday, July 14th. RPM International’s payout ratio is 36.54%.

A number of equities research analysts recently commented on RPM shares. JPMorgan Chase & Co. downgraded RPM International from a “neutral” rating to an “underweight” rating and set a $90.00 target price for the company. in a report on Wednesday, June 23rd. BMO Capital Markets decreased their price target on RPM International from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, July 27th. Zacks Investment Research downgraded RPM International from a “hold” rating to a “strong sell” rating and set a $80.00 price target for the company. in a report on Friday, June 4th. Finally, Wells Fargo & Company downgraded RPM International from an “overweight” rating to an “equal weight” rating and set a $95.00 price target for the company. in a report on Tuesday, July 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, RPM International has an average rating of “Hold” and an average target price of $93.89.

RPM International Company Profile

RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG); Performance Coatings Group (PCG); Consumer Group; and Specialty Products Group (SPG).

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

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