RPM International Inc. (NYSE:RPM) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec boosted its stake in RPM International Inc. (NYSE:RPM - Free Report) by 2,975.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,742 shares of the specialty chemicals company's stock after purchasing an additional 194,215 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.16% of RPM International worth $24,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new position in shares of RPM International in the 3rd quarter worth $35,000. Versant Capital Management Inc grew its stake in shares of RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 318 shares in the last quarter. Eastern Bank bought a new stake in shares of RPM International in the 3rd quarter worth about $41,000. Finally, UMB Bank n.a. raised its position in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company's stock valued at $43,000 after buying an additional 281 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Insider Activity

In other news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. This trade represents a 14.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the sale, the vice president now owns 21,183 shares of the company's stock, valued at $2,727,311.25. This trade represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,083 shares of company stock worth $1,443,549. 1.60% of the stock is currently owned by corporate insiders.

RPM International Trading Up 0.6 %

Shares of NYSE RPM traded up $0.87 during mid-day trading on Monday, reaching $139.65. The company had a trading volume of 703,105 shares, compared to its average volume of 630,552. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99. RPM International Inc. has a 52 week low of $100.82 and a 52 week high of $141.79. The business's 50-day moving average is $131.41 and its 200-day moving average is $119.81. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. Equities analysts expect that RPM International Inc. will post 5.56 earnings per share for the current year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a dividend of $0.51 per share. This is an increase from RPM International's previous quarterly dividend of $0.46. The ex-dividend date was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.46%. RPM International's dividend payout ratio (DPR) is 42.77%.

Wall Street Analyst Weigh In

RPM has been the topic of several analyst reports. Royal Bank of Canada boosted their price objective on RPM International from $120.00 to $126.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on RPM International from $120.00 to $126.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. StockNews.com upgraded RPM International from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. BMO Capital Markets reaffirmed an "outperform" rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price on shares of RPM International from $125.00 to $134.00 and gave the stock an "equal weight" rating in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $129.70.

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.