KLP Kapitalforvaltning AS Acquires Shares of 45,600 RPM International Inc. (NYSE:RPM)

KLP Kapitalforvaltning AS purchased a new stake in shares of RPM International Inc. (NYSE:RPM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,600 shares of the specialty chemicals company's stock, valued at approximately $5,612,000.

A number of other institutional investors have also modified their holdings of RPM. Geode Capital Management LLC lifted its position in RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company's stock valued at $320,851,000 after acquiring an additional 145,070 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of RPM International by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company's stock worth $176,034,000 after purchasing an additional 87,540 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of RPM International by 0.8% during the 4th quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company's stock valued at $74,607,000 after purchasing an additional 4,536 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of RPM International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company's stock worth $62,712,000 after purchasing an additional 15,602 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of RPM International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company's stock worth $30,457,000 after purchasing an additional 5,947 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

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RPM International Price Performance

Shares of RPM stock traded down $2.27 during mid-day trading on Friday, hitting $114.10. 391,681 shares of the stock were exchanged, compared to its average volume of 642,886. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 52-week low of $103.69 and a 52-week high of $141.79. The firm has a fifty day moving average of $121.55 and a 200 day moving average of $126.52. The company has a market cap of $14.67 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same period in the previous year, the business earned $1.22 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.79%. RPM International's dividend payout ratio (DPR) is 40.32%.

Analyst Upgrades and Downgrades

RPM has been the subject of a number of research analyst reports. Evercore ISI upgraded RPM International to a "strong-buy" rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised shares of RPM International from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of RPM International from $126.00 to $124.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of RPM International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group upped their target price on RPM International from $123.00 to $130.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.00.

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.