Whittier Trust Co. Has $5.19 Million Stake in RPM International Inc. $RPM

Whittier Trust Co. raised its stake in RPM International Inc. (NYSE:RPM) by 2.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 47,266 shares of the specialty chemicals company’s stock after acquiring an additional 1,307 shares during the quarter. Whittier Trust Co.’s holdings in RPM International were worth $5,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi increased its stake in RPM International by 2.3% in the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock valued at $19,135,000 after purchasing an additional 3,788 shares in the last quarter. GAMMA Investing LLC grew its position in RPM International by 7.4% in the 1st quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company’s stock worth $271,000 after purchasing an additional 161 shares in the last quarter. United Services Automobile Association bought a new stake in RPM International in the 1st quarter worth about $948,000. Farther Finance Advisors LLC grew its position in RPM International by 65.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company’s stock worth $139,000 after purchasing an additional 500 shares in the last quarter. Finally, Strs Ohio purchased a new position in RPM International in the first quarter valued at about $1,507,000. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RPM. UBS Group boosted their target price on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $129.00 in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RPM International in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, Mizuho raised their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.70.

RPM International Price Performance

RPM stock opened at $113.18 on Wednesday. The firm’s 50-day moving average price is $120.64 and its two-hundred day moving average price is $114.65. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.04 and a beta of 1.03. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.51. RPM International’s payout ratio is presently 40.37%.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of RPM International stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction of $119,360.00. Following the sale, the director owned 7,394 shares of the company’s stock, valued at approximately $882,547.84. The trade was a 11.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.