RPM International Inc. $RPM Stock Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its stake in RPM International Inc. (NYSE:RPM) by 28.6% in the third quarter, HoldingsChannel.com reports. The firm owned 45,000 shares of the specialty chemicals company’s stock after acquiring an additional 10,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in RPM International were worth $4,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RPM. Motley Fool Asset Management LLC boosted its holdings in RPM International by 6.1% during the third quarter. Motley Fool Asset Management LLC now owns 3,376 shares of the specialty chemicals company’s stock worth $333,000 after buying an additional 194 shares in the last quarter. Fortitude Family Office LLC increased its holdings in RPM International by 111.4% in the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 195 shares in the last quarter. Benedict Financial Advisors Inc. increased its holdings in RPM International by 0.8% in the third quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock valued at $2,529,000 after buying an additional 197 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of RPM International by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock valued at $276,000 after acquiring an additional 209 shares during the period. Finally, Operose Advisors LLC acquired a new stake in shares of RPM International during the 2nd quarter valued at approximately $26,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Down 0.3%

Shares of RPM International stock opened at $106.02 on Wednesday. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $121.78. The company has a market capitalization of $13.52 billion, a PE ratio of 19.63, a P/E/G ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. The business has a 50-day moving average of $100.75 and a 200-day moving average of $105.24.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.95 by $0.03. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share. As a group, equities analysts forecast that RPM International Inc. will post 5.93 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.54. RPM International’s dividend payout ratio is currently 42.22%.

Analyst Ratings Changes

Several analysts have weighed in on RPM shares. BMO Capital Markets upped their target price on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Bank of America lifted their price target on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley lowered their price target on RPM International from $117.00 to $114.00 and set an “equal weight” rating for the company in a report on Monday, September 28th. Wells Fargo & Company lowered their price objective on shares of RPM International from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research note on Thursday, October 22nd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.85.

RPM International Company Profile

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.