The stock of RPM International Inc. (NYSE:RPM) is a huge mover today! The stock decreased 4.02% or $2.12 on October 5, hitting $50.61. About 1.81 million shares traded hands or 223.09% up from the average. RPM International Inc. (NYSE:RPM) has risen 25.61% since March 2, 2016 and is uptrending. It has outperformed by 17.35% the S&P500.
The move comes after 8 months negative chart setup for the $6.65 billion company. It was reported on Oct, 5 by Barchart.com. We have $47.57 PT which if reached, will make NYSE:RPM worth $399.00 million less.
RPM International Inc. (NYSE:RPM) Ratings Coverage
Out of 4 analysts covering RPM International (NYSE:RPM), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. RPM International has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was initiated by Seaport Global Securities on Tuesday, January 5 with “Accumulate”. The firm has “Sector Perform” rating given on Wednesday, October 14 by RBC Capital Markets. Seaport Global downgraded RPM International Inc. (NYSE:RPM) on Wednesday, August 10 to “Neutral” rating.
According to Zacks Investment Research, “RPM Incorporated manufactures and markets specialty paints, protective coatings and roofing systems, sealants and adhesives, for use in both industrial and consumer applications. RPM markets its products in numerous countries and operates manufacturing facilities in the United States, Argentina, Belgium, Brazil, Canada, China, Colombia, Germany, Italy, Malaysia, Mexico, New Zealand, The Netherlands, Poland, South Africa, the United Arab Emirates and the United Kingdom.”
Insitutional Activity: The institutional sentiment decreased to 1.23 in Q2 2016. Its down 0.04, from 1.27 in 2016Q1. The ratio fall, as 23 funds sold all RPM International Inc. shares owned while 114 reduced positions. 49 funds bought stakes while 119 increased positions. They now own 94.61 million shares or 0.05% more from 94.56 million shares in 2016Q1.
Plante Moran Financial Advisors Limited Liability Co reported 233 shares or 0.01% of all its holdings. Blackrock Invest Lc last reported 0.02% of its portfolio in the stock. Ardevora Asset Management Ltd Liability Partnership holds 1.1% or 528,900 shares in its portfolio. Artisan Prtn Partnership accumulated 4.26 million shares or 0.45% of the stock. Crawford Investment Counsel has 23,169 shares for 0.05% of their US portfolio. Reilly Lc accumulated 0.02% or 1,813 shares. Fort Washington Invest Advsrs Oh has invested 0.02% of its portfolio in RPM International Inc. (NYSE:RPM). Moreover, Silvercrest Asset Mngmt Grp Ltd Limited Liability Company has 0.06% invested in RPM International Inc. (NYSE:RPM) for 87,350 shares. The New York-based M&T Financial Bank has invested 0.01% in RPM International Inc. (NYSE:RPM). Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys last reported 0.02% of its portfolio in the stock. The Michigan-based Comerica State Bank has invested 0.05% in RPM International Inc. (NYSE:RPM). Credit Suisse Ag, a Switzerland-based fund reported 159,130 shares. Thrivent Fincl For Lutherans owns 19,586 shares or 0% of their US portfolio. Twin Tree Management Limited Partnership has 1,655 shares for 0% of their US portfolio. Park National Oh owns 9,013 shares or 0.03% of their US portfolio.
Insider Transactions: Since April 19, 2016, the stock had 0 insider purchases, and 6 selling transactions for $6.01 million net activity. The insider Gordon Russell L sold $342,629. Slifstein Barry also sold $54,273 worth of RPM International Inc. (NYSE:RPM) on Thursday, August 18. Ratajczak Matthew T sold $224,369 worth of RPM International Inc. (NYSE:RPM) on Monday, August 1. Moore Edward W. sold $1.22M worth of stock or 22,547 shares. $962,689 worth of RPM International Inc. (NYSE:RPM) shares were sold by RICE RONALD A. SULLIVAN FRANK C sold $3.21 million worth of RPM International Inc. (NYSE:RPM) on Monday, August 1.
More notable recent RPM International Inc. (NYSE:RPM) news were published by: Prnewswire.com which released: “RPM International Provides Comment on SEC Action” on September 09, 2016, also Rttnews.com with their article: “RPM International Inc Q1 Profit Rises 13%” published on October 05, 2016, Prnewswire.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on September 12, 2016. More interesting news about RPM International Inc. (NYSE:RPM) were released by: Prnewswire.com and their article: “RPM Announces Release Date, Conference Call And Webcast For Fiscal 2017 First …” published on September 21, 2016 as well as Crainscleveland.com‘s news article titled: “US Securities and Exchange Commission alleges accounting fraud at RPM …” with publication date: September 12, 2016.
RPM Company Profile
RPM International Inc., incorporated on July 29, 2002, through its subsidiaries, makes, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Firm operates through three divisions: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment). The Company’s 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. As of May 31, 2016, its subsidiaries marketed products in approximately 164 countries and territories, and operated manufacturing facilities in approximately 120 locations in the United States, Argentina, Australia, Belgium, Brazil, Canada, Chile, China, Colombia, France, Germany, India, Italy, Malaysia, Mexico, The Netherlands, New Zealand, Norway, Poland, Saudi Arabia, South Africa, Spain, Sweden, Turkey, the United Arab Emirates and the United Kingdom.
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