Pensionfund Sabic acquired a new position in RPM International Inc. (NYSE:RPM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,000 shares of the specialty chemicals company’s stock, valued at approximately $2,021,000.
Several other large investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its position in RPM International by 65.2% during the fourth quarter. IFP Advisors Inc now owns 304 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Parallel Advisors LLC raised its position in RPM International by 13.8% during the fourth quarter. Parallel Advisors LLC now owns 1,064 shares of the specialty chemicals company’s stock valued at $97,000 after acquiring an additional 129 shares in the last quarter. Rockland Trust Co. raised its position in RPM International by 3.7% during the fourth quarter. Rockland Trust Co. now owns 6,376 shares of the specialty chemicals company’s stock valued at $579,000 after acquiring an additional 226 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in RPM International by 28.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,176 shares of the specialty chemicals company’s stock valued at $107,000 after acquiring an additional 263 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in RPM International by 2.9% during the third quarter. Captrust Financial Advisors now owns 10,479 shares of the specialty chemicals company’s stock valued at $863,000 after acquiring an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 74.67% of the company’s stock.
Several research analysts recently weighed in on RPM shares. Royal Bank of Canada cut RPM International from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $102.00 to $98.00 in a research report on Friday, January 8th. BMO Capital Markets raised their price objective on RPM International from $109.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, January 7th. Zacks Investment Research lowered RPM International from a “buy” rating to a “hold” rating and set a $92.00 price objective on the stock. in a report on Thursday, January 7th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Thursday, March 4th. Finally, Morgan Stanley lowered RPM International from an “overweight” rating to an “equal weight” rating in a report on Monday, December 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $93.50.
Shares of NYSE:RPM opened at $90.21 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.17 and a quick ratio of 1.43. The business’s 50 day moving average price is $87.06 and its 200-day moving average price is $87.14. The firm has a market capitalization of $11.74 billion, a PE ratio of 27.34, a P/E/G ratio of 1.33 and a beta of 1.01. RPM International Inc. has a 1 year low of $61.22 and a 1 year high of $98.35.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, April 6th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.21 billion. RPM International had a return on equity of 35.72% and a net margin of 7.50%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, analysts expect that RPM International Inc. will post 4.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Thursday, April 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, April 14th. RPM International’s dividend payout ratio is presently 49.51%.
In other RPM International news, SVP Edward W. Moore sold 8,811 shares of the business’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $86.68, for a total transaction of $763,737.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Russell L. Gordon sold 9,668 shares of the business’s stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $84.89, for a total value of $820,716.52. Following the transaction, the chief financial officer now directly owns 103,997 shares in the company, valued at approximately $8,828,305.33. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
RPM International Profile
RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Industrial, Consumer, and Specialty. The Industrial segment is the maintenance and protection products for roofing and waterproofing systems, flooring, passive fire protection, corrosion control, high-performance sealing and bonding solutions, infrastructure rehabilitation and repair, and other construction chemicals.
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