Crestpoint Capital Management Lowers stake in RPM International (RPM)

RPM International (RPM) : Crestpoint Capital Management reduced its stake in RPM International by 0.65% during the most recent quarter end. The investment management company now holds a total of 30,700 shares of RPM International which is valued at $1,469,916 after selling 200 shares in RPM International , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.RPM International makes up approximately 0.77% of Crestpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in RPM by selling 475 shares or 30.16% in the most recent quarter. The Hedge Fund company now holds 1,100 shares of RPM which is valued at $52,668. RPM International makes up approx 0.01% of Howe Rusling Inc’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in RPM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 243 shares of RPM International which is valued at $11,635. RPM International makes up approx 0.01% of Gierl Augustine Investment Management Inc’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in RPM by selling 9,023 shares or 5.24% in the most recent quarter. The Hedge Fund company now holds 163,088 shares of RPM which is valued at $7,882,043. RPM International makes up approx 1.54% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Creative Planning boosted its stake in RPM in the latest quarter, The investment management firm added 1,053 additional shares and now holds a total of 22,578 shares of RPM International which is valued at $1,091,195. RPM International makes up approx 0.01% of Creative Planning’s portfolio.

RPM International opened for trading at $48.13 and hit $48.2616 on the upside on Friday, eventually ending the session at $47.88, with a gain of 0.19% or 0.09 points. The heightened volatility saw the trading volume jump to 5,80,895 shares. Company has a market cap of $6,386 M.

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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