Nicholas Company Inc. Decreases Stake in RPM International Inc. (RPM)

Nicholas Company Inc. decreased its stake in shares of RPM International Inc. (NYSE:RPM) by 12.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,242 shares of the specialty chemicals company’s stock after selling 16,105 shares during the period. Nicholas Company Inc. owned about 0.09% of RPM International worth $6,286,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. HighPoint Advisor Group LLC bought a new stake in shares of RPM International during the fourth quarter valued at about $517,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of RPM International during the fourth quarter worth about $252,000. Norges Bank bought a new position in shares of RPM International during the fourth quarter worth about $60,036,000. Barings LLC increased its position in shares of RPM International by 4.7% in the fourth quarter. Barings LLC now owns 22,470 shares of the specialty chemicals company’s stock worth $1,210,000 after buying an additional 1,000 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of RPM International during the fourth quarter worth about $256,000. Institutional investors and hedge funds own 72.94% of the company’s stock.

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

Shares of RPM International Inc. (NYSE:RPM) traded up 0.65% during midday trading on Monday, reaching $56.01. 597,379 shares of the company’s stock were exchanged. RPM International Inc. has a one year low of $46.25 and a one year high of $56.48. The stock has a market cap of $7.48 billion, a P/E ratio of 35.86 and a beta of 1.53. The company’s 50-day moving average is $53.77 and its 200-day moving average is $53.36.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.02. RPM International had a net margin of 1.24% and a return on equity of 3.66%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts expect that RPM International Inc. will post $2.63 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the stock. TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a research report on Thursday, March 16th. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, June 7th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 target price on shares of RPM International in a research note on Tuesday, June 13th. Finally, Seaport Global Securities upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $60.00 in a research note on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.40.

About RPM International

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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