Tredje AP fonden Raises Position in RPM International Inc. $RPM

Tredje AP fonden raised its holdings in shares of RPM International Inc. (NYSE:RPM) by 75.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,497 shares of the specialty chemicals company’s stock after acquiring an additional 4,941 shares during the quarter. Tredje AP fonden’s holdings in RPM International were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 250 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 118 shares during the period. Curio Wealth LLC raised its position in shares of RPM International by 65,900.0% during the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 659 shares during the period. Parallel Advisors LLC raised its position in shares of RPM International by 28.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock valued at $118,000 after purchasing an additional 239 shares during the period. Finally, Archer Investment Corp raised its position in shares of RPM International by 21.2% during the 1st quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 201 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of RPM International stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares of the company’s stock, valued at $882,547.84. This trade represents a 11.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RPM shares. Royal Bank Of Canada decreased their price objective on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a research report on Monday, October 6th. 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. Weiss Ratings restated a “buy (b-)” rating on shares of RPM International in a research report on Wednesday, October 8th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $126.00 to $129.00 in a research report on Tuesday, October 14th. Finally, BMO Capital Markets raised their price objective on shares of RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and an average price target of $130.70.

RPM International Stock Performance

Shares of NYSE RPM opened at $108.32 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. The company has a market cap of $13.89 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.97 and a beta of 1.03. The firm’s fifty day moving average is $118.02 and its two-hundred day moving average is $115.26. RPM International Inc. has a 52-week low of $95.28 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings results 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. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. RPM International’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 EPS. As a group, analysts anticipate that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.51. RPM International’s dividend payout ratio is 40.37%.

About RPM International

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.