RPM International (RPM) : Roffman Miller Associates Inc Pa scooped up 6,603 additional shares in RPM International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 383,211 shares of RPM International which is valued at $19,995,950.RPM International makes up approximately 3.19% of Roffman Miller Associates Inc Pa’s portfolio.
Other Hedge Funds, Including , First National Bank Of Omaha boosted its stake in RPM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 27,399 shares of RPM International which is valued at $1,429,680. RPM International makes up approx 0.11% of First National Bank Of Omaha’s portfolio.Livforsakringsbolaget Skandia Omsesidigt reduced its stake in RPM by selling 6,200 shares or 21.16% in the most recent quarter. The Hedge Fund company now holds 23,100 shares of RPM which is valued at $1,201,200. RPM International makes up approx 0.05% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.First Manhattan Co reduced its stake in RPM by selling 500 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 101,703 shares of RPM which is valued at $5,288,556. RPM International makes up approx 0.03% of First Manhattan Co’s portfolio.Raymond James Trust N.a. reduced its stake in RPM by selling 269 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 10,922 shares of RPM which is valued at $562,701. RPM International makes up approx 0.05% of Raymond James Trust N.a.’s portfolio.
RPM International opened for trading at $51.83 and hit $52.195 on the upside on Wednesday, eventually ending the session at $52.18, with a gain of 0.97% or 0.5 points. The heightened volatility saw the trading volume jump to 3,25,460 shares. Company has a market cap of $6,932 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.