Osborn Rohs Williams Donohoe Ltd Lowers stake in RPM International (RPM)

RPM International (RPM) : Osborn Rohs Williams Donohoe Ltd reduced its stake in RPM International by 5.24% during the most recent quarter end. The investment management company now holds a total of 163,088 shares of RPM International which is valued at $7,882,043 after selling 9,023 shares in RPM International , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.RPM International makes up approximately 1.54% of Osborn Rohs Williams Donohoe Ltd’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in RPM in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 445 shares of RPM International which is valued at $21,507. RPM International makes up approx 0.04% of Weaver C. Barksdale Associates’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in RPM by selling 5,965 shares or 11.48% in the most recent quarter. The Hedge Fund company now holds 45,996 shares of RPM which is valued at $2,257,944. RPM International makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Ronna Sue Cohen reduced its stake in RPM by selling 393 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 30,637 shares of RPM which is valued at $1,503,970. RPM International makes up approx 1.14% of Ronna Sue Cohen’s portfolio.Advisory Services Network boosted its stake in RPM in the latest quarter, The investment management firm added 613 additional shares and now holds a total of 10,377 shares of RPM International which is valued at $510,341. RPM International makes up approx 0.10% of Advisory Services Network’s portfolio.

RPM International closed down -0.76 points or -1.55% at $48.33 with 8,40,963 shares getting traded on Tuesday. Post opening the session at $48.7, the shares hit an intraday low of $48.08 and an intraday high of $48.74 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, RPM International reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 5, 2016. Analyst had a consensus of $0.80. The company had revenue of $1252.06 million for the quarter, compared to analysts expectations of $1283.68 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 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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