11,000 Shares in RPM International Inc. (NYSE:RPM) Purchased by Pensionfund Sabic

Pensionfund Sabic acquired a new position in RPM International Inc. (NYSE:RPM - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,000 shares of the specialty chemicals company's stock, valued at approximately $1,354,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International during the second quarter worth approximately $45,000. United Services Automobile Association increased its position in shares of RPM International by 3.3% in the 2nd quarter. United Services Automobile Association now owns 10,335 shares of the specialty chemicals company's stock worth $1,113,000 after purchasing an additional 331 shares during the last quarter. Forsta AP Fonden raised its stake in shares of RPM International by 13.2% in the 2nd quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company's stock valued at $2,778,000 after purchasing an additional 3,000 shares in the last quarter. Achmea Investment Management B.V. lifted its position in shares of RPM International by 4.1% during the second quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company's stock worth $9,242,000 after purchasing an additional 3,363 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in RPM International in the second quarter worth about $950,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $497,133.78. Following the sale, the vice president now owns 22,738 shares of the company's stock, valued at $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,927 shares of company stock worth $1,037,214 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RPM shares. UBS Group increased their target price on RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a "sector perform" rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an "equal weight" rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised their target price on shares of RPM International from $107.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, RPM International has a consensus rating of "Hold" and a consensus target price of $131.00.

RPM International Stock Performance

Shares of NYSE RPM traded up $1.28 during midday trading on Tuesday, hitting $121.71. 1,545,966 shares of the company's stock were exchanged, compared to its average volume of 1,207,566. RPM International Inc. has a twelve month low of $103.63 and a twelve month high of $141.79. 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 cap of $15.66 billion, a P/E ratio of 25.52, a PEG ratio of 1.98 and a beta of 1.02. The stock's 50 day moving average price is $131.71 and its 200-day moving average price is $123.06.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that RPM International Inc. will post 5.56 EPS for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, January 17th. RPM International's dividend payout ratio (DPR) is presently 42.77%.

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.