RPM International (RPM) : Mitchell Sinkler Starrpa reduced its stake in RPM International by 3.59% during the most recent quarter end. The investment management company now holds a total of 48,403 shares of RPM International which is valued at $2,456,936 after selling 1,800 shares in RPM International , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.RPM International makes up approximately 3.34% of Mitchell Sinkler Starrpa’s portfolio.
RPM International closed down -0.81 points or -1.57% at $50.63 with 9,12,819 shares getting traded on Wednesday. Post opening the session at $51.12, the shares hit an intraday low of $50.31 and an intraday high of $51.21 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Manning Napier Advisors added RPM to its portfolio by purchasing 44,190 company shares during the most recent quarter which is valued at $2,243,084. RPM International makes up approx 0.01% of Manning Napier Advisors’s portfolio.Capstone Asset Management Co boosted its stake in RPM in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 15,958 shares of RPM International which is valued at $810,028. RPM International makes up approx 0.02% of Capstone Asset Management Co’s portfolio. Chicago Trust Co Na sold out all of its stake in RPM during the most recent quarter. The investment firm sold 4,707 shares of RPM which is valued $230,172.Creative Planning reduced its stake in RPM by selling 609 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 20,841 shares of RPM which is valued at $1,019,125. RPM International makes up approx 0.01% of Creative Planning’s portfolio.
On the company’s financial health, RPM International reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 6, 2016. Analyst had a consensus of $0.15. The company had revenue of $988.60 million for the quarter, compared to analysts expectations of $995.37 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
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. The Company operates through two segments which include industrial segment and consumer segment. Its industrial segment products are sold throughout North America. Its industrial product lines are sold directly to contractors distributors and end users. The Company’s consumer segment manufactures and markets professional use and do-it-yourself (DIY) products for a range of consumer applications including home improvement and personal leisure activities. Its family of products includes those marketed under brand names such as API Carboline CAVE DAP Day-Glo Dri-Eaz Dryvit Euclid EUCO Fibergrate Flecto Flowcrete Grupo PV Hummervoll illbruck Mohawk Rust-Oleum Stonhard TCI Toxement Tremco Tuf-Strand Universal Sealants Viapol Watco and Zinsser.