Procurement News Notice |
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| PNN | 8269 |
| Work Detail | Creegan Nassoura Financial Group reduced its stake in RPM International by 1.07% during the most recent quarter end. The investment management company now holds a total of 20,775 shares of RPM International which is valued at $1,122,889 after selling 225 shares in RPM International , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.RPM International makes up approximately 1.29% of Creegan Nassoura Financial Group’s portfolio. Other Hedge Funds, Including , Springbok Capital Management added RPM to its portfolio by purchasing 510 company shares during the most recent quarter which is valued at $27,566.Buckhead Capital Management reduced its stake in RPM by selling 3,000 shares or 7.5% in the most recent quarter. The Hedge Fund company now holds 37,004 shares of RPM which is valued at $2,034,850. RPM International makes up approx 0.36% of Buckhead Capital Management’s portfolio.Utah Retirement Systems reduced its stake in RPM by selling 100 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 23,778 shares of RPM which is valued at $1,275,927. RPM International makes up approx 0.03% of Utah Retirement Systems’s portfolio.Tradition Capital Management reduced its stake in RPM by selling 845 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 39,130 shares of RPM which is valued at $2,099,716. RPM International makes up approx 0.68% of Tradition Capital Management’s portfolio. American Century Companies Inc added RPM to its portfolio by purchasing 40,940 company shares during the most recent quarter which is valued at $2,091,215. RPM International opened for trading at $54.6 and hit $54.71 on the upside on Thursday, eventually ending the session at $54.57, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 4,72,355 shares. Company has a market cap of $7,265 M. On the company’s financial health, RPM International reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.01. The company had revenue of $1430.00 million for the quarter, compared to analysts expectations of $1422.65 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 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. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.tradecalls.org/2016/09/creegan-nassoura-financial-group-lowers-stake-in-rpm-international-rpm-383513/ |
