Advisory Services Network buys $510,341 stake in RPM International (RPM)

RPM International (RPM) : Advisory Services Network scooped up 613 additional shares in RPM International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 10,377 shares of RPM International which is valued at $510,341.RPM International makes up approximately 0.10% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , North Star Asset Management Inc reduced its stake in RPM by selling 855 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 156,975 shares of RPM which is valued at $7,944,505. RPM International makes up approx 0.89% of North Star Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RPM by selling 44,676 shares or 69.18% in the most recent quarter. The Hedge Fund company now holds 19,904 shares of RPM which is valued at $1,007,341.Lynch Associatesin reduced its stake in RPM by selling 2,325 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 19,826 shares of RPM which is valued at $1,003,394. RPM International makes up approx 0.44% of Lynch Associatesin’s portfolio. Washington Trust Bank added RPM to its portfolio by purchasing 1,568 company shares during the most recent quarter which is valued at $79,356. RPM International makes up approx 0.02% of Washington Trust Bank’s portfolio.

RPM International closed down -1.03 points or -2.05% at $49.18 with 13,75,979 shares getting traded on Friday. Post opening the session at $50.11, the shares hit an intraday low of $48.56 and an intraday high of $50.11 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 $0.83 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.

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.

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