RPM International (RPM) : Mitchell Sinkler Starrpa reduced its stake in RPM International by 5.47% during the most recent quarter end. The investment management company now holds a total of 45,753 shares of RPM International which is valued at $2,368,175 after selling 2,650 shares in RPM International , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.RPM International makes up approximately 3.17% of Mitchell Sinkler Starrpa’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp boosted its stake in RPM in the latest quarter, The investment management firm added 9,082 additional shares and now holds a total of 10,294 shares of RPM International which is valued at $532,817. RPM International makes up approx 0.04% of Cutler Group Lp’s portfolio. Webster Bank N. A. sold out all of its stake in RPM during the most recent quarter. The investment firm sold 8,000 shares of RPM which is valued $414,080.
RPM International opened for trading at $51.9 and hit $52.12 on the upside on Friday, eventually ending the session at $51.93, with a gain of 0.56% or 0.29 points. The heightened volatility saw the trading volume jump to 3,21,122 shares. Company has a market cap of $6,899 M.
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.
Many Wall Street Analysts have commented on RPM International. RPM International was Downgraded by Wellington Shields to ” Hold” on Jul 13, 2016.
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.