RPM International Inc. (NYSE:RPM) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its stake in shares of RPM International Inc. (NYSE:RPM - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,556 shares of the specialty chemicals company's stock after selling 6,555 shares during the period. Tredje AP fonden's holdings in RPM International were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in RPM International by 55.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 84 shares during the period. Crews Bank & Trust acquired a new position in shares of RPM International during the 4th quarter worth approximately $37,000. Farther Finance Advisors LLC lifted its position in shares of RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after buying an additional 155 shares in the last quarter. Fairway Wealth LLC grew its stake in RPM International by 829.8% in the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 390 shares during the period. Finally, UMB Bank n.a. increased its holdings in RPM International by 84.0% in the 4th quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company's stock worth $81,000 after acquiring an additional 300 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

RPM International Trading Up 0.2 %

Shares of NYSE RPM traded up $0.18 during midday trading on Wednesday, reaching $115.75. 639,103 shares of the stock were exchanged, compared to its average volume of 614,625. The company has a 50 day simple moving average of $122.89 and a 200 day simple moving average of $126.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The stock has a market capitalization of $14.88 billion, a P/E ratio of 22.88, a PEG ratio of 1.97 and a beta of 1.00. RPM International Inc. has a twelve month low of $103.69 and a twelve month high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share. As a group, equities analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.76%. RPM International's dividend payout ratio (DPR) is presently 40.32%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RPM. JPMorgan Chase & Co. reduced their price target on shares of RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Mizuho reduced their target price on RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. UBS Group lifted their price target on RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Evercore ISI upgraded RPM International to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised shares of RPM International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, RPM International has an average rating of "Moderate Buy" and an average price target of $132.00.

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.