Forsta AP Fonden Raises Stake in RPM International Inc. $RPM

Forsta AP Fonden lifted its stake in shares of RPM International Inc. (NYSE:RPM) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,600 shares of the specialty chemicals company’s stock after acquiring an additional 9,400 shares during the period. Forsta AP Fonden’s holdings in RPM International were worth $8,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of RPM. Amundi increased its position in RPM International by 2.3% during the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock worth $19,135,000 after purchasing an additional 3,788 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of RPM International in the 1st quarter valued at approximately $948,000. Farther Finance Advisors LLC increased its holdings in shares of RPM International by 65.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company’s stock worth $139,000 after buying an additional 500 shares during the last quarter. Strs Ohio purchased a new stake in shares of RPM International during the 1st quarter valued at approximately $1,507,000. Finally, 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 buying an additional 239 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

RPM opened at $108.05 on Friday. The stock’s 50-day moving average price is $115.23 and its 200 day moving average price is $115.31. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.97 and a beta of 1.05. 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 issued its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, October 20th. This is a boost from RPM International’s previous quarterly dividend of $0.51. RPM International’s dividend payout ratio (DPR) is 40.37%.

Insider Activity at RPM International

In related news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the sale, the director directly owned 21,578 shares in the company, valued at approximately $2,323,303.26. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

RPM has been the subject of several analyst reports. Evercore ISI lowered their price objective on RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday. Mizuho upped their price target on RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price target on RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Finally, UBS Group upped their target price on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, RPM International presently has an average rating of “Hold” and an average price target of $130.18.

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.