Roffman Miller Associates Inc Pa buys $18,702,353 stake in RPM International (RPM)

RPM International (RPM) : Roffman Miller Associates Inc Pa scooped up 18,042 additional shares in RPM International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 376,608 shares of RPM International which is valued at $18,702,353.RPM International makes up approximately 3.22% of Roffman Miller Associates Inc Pa’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc added RPM to its portfolio by purchasing 4,432 company shares during the most recent quarter which is valued at $220,093.Great West Life Assurance Co Can reduced its stake in RPM by selling 83,200 shares or 75.54% in the most recent quarter. The Hedge Fund company now holds 26,943 shares of RPM which is valued at $1,361,430.Commonwealth Equity Services Inc reduced its stake in RPM by selling 565 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 19,929 shares of RPM which is valued at $1,007,012. RPM International makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Huntington National Bank boosted its stake in RPM in the latest quarter, The investment management firm added 630 additional shares and now holds a total of 15,311 shares of RPM International which is valued at $773,665. RPM International makes up approx 0.02% of Huntington National Bank’s portfolio.

RPM International closed down -0.83 points or -1.64% at $49.66 with 7,48,862 shares getting traded on Friday. Post opening the session at $50.46, the shares hit an intraday low of $49.44 and an intraday high of $50.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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