Pacer Advisors Inc. Has $2.33 Million Stock Holdings in RPM International Inc. $RPM

Pacer Advisors Inc. boosted its holdings in RPM International Inc. (NYSE:RPM) by 242.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,768 shares of the specialty chemicals company’s stock after acquiring an additional 13,992 shares during the quarter. Pacer Advisors Inc.’s holdings in RPM International were worth $2,330,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 250 shares during the last quarter. Curio Wealth LLC increased its stake in shares of RPM International by 65,900.0% in the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock valued at $72,000 after acquiring an additional 659 shares during the last quarter. Parallel Advisors LLC raised its position in shares of RPM International by 28.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock valued at $118,000 after acquiring an additional 239 shares during the period. Farther Finance Advisors LLC raised its position in shares of 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 valued at $139,000 after acquiring an additional 500 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in RPM International by 5.8% during the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock valued at $184,000 after purchasing an additional 93 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Down 0.5%

Shares of RPM International stock opened at $105.02 on Wednesday. The stock has a market cap of $13.47 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.94 and a beta of 1.11. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $129.12. The business’s 50 day moving average is $106.70 and its 200-day moving average is $113.73.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the company posted $1.84 earnings per share. RPM International’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.1%. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. RPM International’s dividend payout ratio (DPR) is 40.37%.

Insider Activity

In other news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $107.67, for a total value of $40,376.25. Following the transaction, the director owned 21,578 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RPM. Evercore ISI cut their target price on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Citigroup dropped their price objective on RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $126.00 to $129.00 in a research note on Tuesday, October 14th. UBS Group lowered their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Finally, Mizuho cut their price objective on RPM International from $138.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.64.

RPM International Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.