Timessquare Capital Management Upped Its Rpm International (RPM) Position by $11.80 Million; Share Value Declined; Cornerstone Investment Partners Has Lowered Its At&T (T) Stake as Share Price Declined

May 19, 2018 - By Ellis Scott

RPM International Inc. (NYSE:RPM) Logo

Cornerstone Investment Partners Llc decreased its stake in At&T Inc. (T) by 49.69% based on its latest 2017Q4 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 9,524 shares as the company’s stock declined 10.37% with the market. The institutional investor held 9,644 shares of the telecommunications equipment company at the end of 2017Q4, valued at $375,000, down from 19,168 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in At&T Inc. for a number of months, seems to be less bullish one the $196.82 billion market cap company. The stock increased 0.38% or $0.12 during the last trading session, reaching $32.05. About 21.88M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since May 19, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Timessquare Capital Management Llc increased its stake in Rpm International Inc (RPM) by 20.2% based on its latest 2017Q4 regulatory filing with the SEC. Timessquare Capital Management Llc bought 227,000 shares as the company’s stock declined 9.32% with the market. The institutional investor held 1.35M shares of the paints and coatings company at the end of 2017Q4, valued at $70.80M, up from 1.12M at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Rpm International Inc for a number of months, seems to be bullish on the $6.85 billion market cap company. The stock increased 0.73% or $0.37 during the last trading session, reaching $51.25. About 1.08 million shares traded or 7.22% up from the average. RPM International Inc. (NYSE:RPM) has declined 13.15% since May 19, 2017 and is downtrending. It has underperformed by 24.70% the S&P500.

Among 12 analysts covering RPM International (NYSE:RPM), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. RPM International had 21 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, August 22, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Monday, June 12 by RBC Capital Markets. Seaport Global Securities initiated the shares of RPM in report on Tuesday, January 5 with “Accumulate” rating. The rating was maintained by Robert W. Baird on Friday, November 3 with “Hold”. Seaport Global downgraded the shares of RPM in report on Wednesday, August 10 to “Neutral” rating. RBC Capital Markets maintained RPM International Inc. (NYSE:RPM) rating on Monday, October 9. RBC Capital Markets has “Hold” rating and $51.0 target. The rating was downgraded by J.P. Morgan to “Sell” on Friday, March 16. The rating was upgraded by Northcoast on Friday, February 17 to “Buy”. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, July 13 report. The firm has “Hold” rating given on Tuesday, September 5 by RBC Capital Markets.

More news for RPM International Inc. (NYSE:RPM) were recently published by: Seekingalpha.com, which released: “Buy RPM International And Paint The Town Red” on May 14, 2018. Globenewswire.com‘s article titled: “Research Report Identifies Herman Miller, CAI International, PICO, RPM International, Zumiez, and Golub Capital BDC …” and published on April 25, 2018 is yet another important article.

Investors sentiment increased to 1.36 in 2017 Q4. Its up 0.06, from 1.3 in 2017Q3. It increased, as 30 investors sold RPM shares while 99 reduced holdings. 52 funds opened positions while 124 raised stakes. 98.12 million shares or 0.49% more from 97.64 million shares in 2017Q3 were reported. Ahl Prtn Ltd Liability Partnership, a United Kingdom-based fund reported 21,849 shares. 15,113 are held by Scotia Cap. Earnest Prns Limited Liability Co owns 109 shares. Creative Planning holds 0.01% or 23,254 shares in its portfolio. Howland Cap Mgmt Lc holds 0.22% or 53,088 shares. Atlanta Capital Management L L C holds 0.69% of its portfolio in RPM International Inc. (NYSE:RPM) for 2.50M shares. Tru Co Of Vermont holds 0.01% of its portfolio in RPM International Inc. (NYSE:RPM) for 2,998 shares. Morgan Stanley stated it has 0.02% in RPM International Inc. (NYSE:RPM). Gateway Invest Advisers Ltd Liability Company holds 252,935 shares. Moreover, Shine Inv Advisory Svcs has 0.01% invested in RPM International Inc. (NYSE:RPM) for 538 shares. California State Teachers Retirement holds 211,911 shares. Janney Montgomery Scott Limited Liability Company has invested 0.03% in RPM International Inc. (NYSE:RPM). Macquarie Limited holds 0% of its portfolio in RPM International Inc. (NYSE:RPM) for 55 shares. Waldron Ltd Partnership reported 0.18% stake. Stevens Capital Management LP accumulated 17,655 shares or 0.04% of the stock.

Timessquare Capital Management Llc, which manages about $20.35 billion and $15.23B US Long portfolio, decreased its stake in Ishares Russell Midcap Gr (IWP) by 6,300 shares to 5,000 shares, valued at $603,000 in 2017Q4, according to the filing. It also reduced its holding in Nic Inc (NASDAQ:EGOV) by 379,417 shares in the quarter, leaving it with 1.23 million shares, and cut its stake in Carlisle Companies Incorp (NYSE:CSL).

Since January 8, 2018, it had 0 insider buys, and 2 insider sales for $1.97 million activity. $1.83M worth of RPM International Inc. (NYSE:RPM) was sold by SULLIVAN FRANK C on Tuesday, January 16.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “AT&T: Focus Shift To 5G” on April 25, 2018, also Investorplace.com with their article: “Merger Speeds Up the Comeback of T-Mobile US Inc” published on May 16, 2018, Seekingalpha.com published: “AT&T: Time To Bail Out?” on April 27, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “Why Buy AT&T While The Roof Is On Fire” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T: The Sky Isn’t Falling” with publication date: May 02, 2018.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.26, from 1.17 in 2017Q3. It dived, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Moreover, First Foundation Advsrs has 0.13% invested in AT&T Inc. (NYSE:T) for 63,489 shares. Tower Research Llc (Trc) accumulated 70,075 shares or 0.35% of the stock. Bell Bancorp invested 0.92% of its portfolio in AT&T Inc. (NYSE:T). Eagleclaw Managment reported 7,627 shares. Burt Wealth Advsr reported 0.15% of its portfolio in AT&T Inc. (NYSE:T). Atlantic Tru Ltd Liability Co holds 0.08% of its portfolio in AT&T Inc. (NYSE:T) for 484,455 shares. 5,084 are held by Shamrock Asset Management Limited Company. Essex Mgmt Lc reported 54,611 shares or 0.28% of all its holdings. Wells Fargo & Mn owns 51.44 million shares for 0.58% of their portfolio. Hanson Mcclain has 0.33% invested in AT&T Inc. (NYSE:T). Hl Financial Services Lc stated it has 0.42% of its portfolio in AT&T Inc. (NYSE:T). Dnb Asset Mngmt As holds 823,923 shares. White Pine Limited Liability Co stated it has 0.81% of its portfolio in AT&T Inc. (NYSE:T). Merriman Wealth Mngmt Ltd owns 19,631 shares for 0.19% of their portfolio. Dt Invest Ltd Liability Corp holds 0.53% or 85,508 shares in its portfolio.

Analysts await AT&T Inc. (NYSE:T) to report earnings on July, 24. They expect $0.89 EPS, up 12.66% or $0.10 from last year’s $0.79 per share. T’s profit will be $5.47B for 9.00 P/E if the $0.89 EPS becomes a reality. After $0.85 actual EPS reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 4.71% EPS growth.

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