National Pension Service Has $27.13 Million Stock Position in RPM International Inc. (NYSE:RPM)

National Pension Service lifted its stake in shares of RPM International Inc. (NYSE:RPM - Free Report) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,212 shares of the specialty chemicals company's stock after purchasing an additional 10,317 shares during the period. National Pension Service owned 0.17% of RPM International worth $27,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RPM. Pacer Advisors Inc. lifted its stake in RPM International by 9,945.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company's stock valued at $209,920,000 after purchasing an additional 1,930,072 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company's stock worth $158,912,000 after acquiring an additional 61,218 shares during the last quarter. Boston Trust Walden Corp raised its stake in RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company's stock valued at $53,765,000 after acquiring an additional 13,010 shares during the period. California State Teachers Retirement System lifted its holdings in RPM International by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company's stock valued at $29,981,000 after purchasing an additional 12,791 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of RPM International by 16.5% during the first quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company's stock worth $18,919,000 after acquiring an additional 22,388 shares during the period. 80.95% of the stock is owned by institutional investors.

RPM International Trading Up 0.8 %

NYSE RPM traded up $1.07 during trading hours on Friday, reaching $134.80. The company's stock had a trading volume of 308,433 shares, compared to its average volume of 633,031. The firm has a fifty day simple moving average of $125.64 and a 200-day simple moving average of $116.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. RPM International Inc. has a 52 week low of $95.97 and a 52 week high of $135.95. The stock has a market cap of $17.35 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.01 and a beta of 0.99.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. Equities analysts forecast that RPM International Inc. will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. This is a positive change from RPM International's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, October 18th. RPM International's payout ratio is currently 42.77%.

Insider Activity at RPM International

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Michael J. Laroche sold 3,615 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares in the company, valued at $1,474,315.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the sale, the chief executive officer now directly owns 1,039,040 shares of the company's stock, valued at $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,572 shares of company stock worth $7,988,133 over the last ninety days. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their target price on RPM International from $125.00 to $134.00 and gave the company an "equal weight" rating in a research report on Thursday, October 3rd. StockNews.com downgraded RPM International from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Mizuho reduced their price objective on shares of RPM International from $136.00 to $134.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of RPM International from $132.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, RPM International currently has an average rating of "Hold" and an average target price 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.