Sumitomo Mitsui Trust Group Inc. Purchases 5,947 Shares of RPM International Inc. (NYSE:RPM)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of RPM International Inc. (NYSE:RPM - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,498 shares of the specialty chemicals company's stock after purchasing an additional 5,947 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of RPM International worth $30,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company's stock worth $320,851,000 after acquiring an additional 145,070 shares during the last quarter. Boston Trust Walden Corp boosted its stake in RPM International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company's stock worth $62,712,000 after buying an additional 15,602 shares in the last quarter. National Pension Service boosted its stake in RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company's stock worth $27,130,000 after buying an additional 10,317 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in RPM International by 2,975.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company's stock worth $24,290,000 after buying an additional 194,215 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in RPM International by 0.5% during the third quarter. New York State Teachers Retirement System now owns 150,891 shares of the specialty chemicals company's stock worth $18,258,000 after buying an additional 754 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on RPM shares. Evercore ISI raised RPM International to a "strong-buy" rating in a report on Tuesday, January 21st. StockNews.com raised RPM International from a "hold" rating to a "buy" rating in a report on Monday, January 6th. Mizuho cut their price objective on RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company raised RPM International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $132.00.

RPM International Stock Up 0.5 %

Shares of RPM traded up $0.67 on Friday, hitting $123.46. The company's stock had a trading volume of 1,441,179 shares, compared to its average volume of 576,932. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The firm's fifty day moving average price is $125.44 and its 200-day moving average price is $125.73. RPM International Inc. has a fifty-two week low of $103.68 and a fifty-two week high of $141.79. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 1.97 and a beta of 1.01.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the business posted $1.22 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Friday, January 17th. RPM International's dividend payout ratio is 40.32%.

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.