RPM International Inc. (NYSE:RPM) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,999 shares of the specialty chemicals company's stock after selling 5,302 shares during the quarter. Boston Trust Walden Corp owned approximately 0.38% of RPM International worth $59,774,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC purchased a new position in shares of RPM International during the 1st quarter worth about $338,000. BKM Wealth Management LLC boosted its holdings in shares of RPM International by 30.1% in the 1st quarter. BKM Wealth Management LLC now owns 4,334 shares of the specialty chemicals company's stock valued at $516,000 after purchasing an additional 1,003 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of RPM International by 61.6% during the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company's stock valued at $11,903,000 after buying an additional 38,135 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of RPM International by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 95,078 shares of the specialty chemicals company's stock worth $11,310,000 after buying an additional 4,592 shares during the last quarter. Finally, Whittier Trust Co. raised its position in shares of RPM International by 4.7% in the 1st quarter. Whittier Trust Co. now owns 39,605 shares of the specialty chemicals company's stock worth $4,711,000 after buying an additional 1,774 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Performance

Shares of RPM International stock traded down $1.70 on Friday, reaching $128.45. 343,149 shares of the company were exchanged, compared to its average volume of 640,335. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 1.95 and a beta of 1.00. RPM International Inc. has a 1-year low of $88.84 and a 1-year high of $134.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The company's 50-day moving average is $123.05 and its two-hundred day moving average is $115.39.

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. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company earned $1.64 earnings per share. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that RPM International Inc. will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.59%. This is a positive change from RPM International's previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. RPM International's payout ratio is presently 42.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RPM shares. Deutsche Bank Aktiengesellschaft upped their price target on RPM International from $132.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Morgan Stanley raised their price target on shares of RPM International from $107.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, October 4th. BMO Capital Markets reiterated 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. Mizuho dropped their price objective on shares of RPM International from $136.00 to $134.00 and set an "outperform" rating for the company in a research report on Friday, July 26th. Finally, UBS Group reduced their target price on shares of RPM International from $122.00 to $117.00 and set a "neutral" rating on the stock in a report on Tuesday, July 9th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $129.70.

Insiders Place Their Bets

In related news, VP Tracy D. Crandall sold 3,718 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares in the company, valued at $3,040,297.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,409 shares of company stock worth $7,699,553. Insiders own 1.60% of the company's stock.

RPM International 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.