RPM International Inc. (NYSE:RPM) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden increased its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 166.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,800 shares of the specialty chemicals company's stock after purchasing an additional 43,000 shares during the quarter. Forsta AP Fonden owned 0.05% of RPM International worth $8,325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eastern Bank acquired a new position in RPM International during the third quarter worth $41,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of RPM International by 3.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 21,585 shares of the specialty chemicals company's stock worth $2,612,000 after acquiring an additional 657 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of RPM International by 4.4% in the third quarter. Whittier Trust Co. now owns 43,460 shares of the specialty chemicals company's stock worth $5,259,000 after acquiring an additional 1,839 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in shares of RPM International in the third quarter worth $1,095,000. Finally, Christopher J. Hasenberg Inc acquired a new position in shares of RPM International in the third quarter worth $35,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Up 0.8 %

RPM stock traded up $1.04 during trading on Monday, reaching $129.49. 328,132 shares of the stock traded hands, compared to its average volume of 638,835. The business's 50 day moving average price is $123.32 and its 200-day moving average price is $115.58. RPM International Inc. has a 52-week low of $88.84 and a 52-week high of $134.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The firm has a market capitalization of $16.67 billion, a PE ratio of 27.15, a P/E/G ratio of 1.92 and a beta of 1.00.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International Inc. will post 5.55 earnings per share for the current year.

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, October 18th. This is an increase from RPM International's previous quarterly dividend of $0.46. RPM International's payout ratio is 42.77%.

Insider Buying and Selling at RPM International

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the sale, the vice president now owns 22,738 shares of the company's stock, valued at approximately $3,040,297.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Tracy D. Crandall sold 3,718 shares of the company's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now owns 22,738 shares of the company's stock, valued at $3,040,297.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now directly owns 21,183 shares of the company's stock, valued at $2,727,311.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,957 shares of company stock valued at $7,528,522. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

RPM has been the subject of a number of analyst reports. UBS Group cut their price target on RPM International from $122.00 to $117.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price target on RPM International from $132.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Vertical Research raised RPM International from a "hold" rating to a "buy" rating and set a $126.00 price target for the company in a report on Tuesday, July 16th. Morgan Stanley boosted their price target on RPM International from $107.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. lifted their price objective on RPM International from $120.00 to $126.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $129.70.

About RPM International

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.