Forsta AP Fonden Sells 400 Shares of RPM International Inc. (NYSE:RPM)

Forsta AP Fonden trimmed its holdings in shares of RPM International Inc. (NYSE:RPM) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,400 shares of the specialty chemicals company’s stock after selling 400 shares during the quarter. Forsta AP Fonden’s holdings in RPM International were worth $8,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 82 shares during the period. Huntington National Bank lifted its holdings in RPM International by 1.0% during the 3rd quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after buying an additional 108 shares during the period. ST Germain D J Co. Inc. grew its position in shares of RPM International by 7.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock valued at $377,000 after buying an additional 216 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of RPM International by 12.8% in the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock valued at $269,000 after buying an additional 247 shares during the period. Finally, Christopher J. Hasenberg Inc bought a new position in shares of RPM International during the third quarter worth about $35,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Trading Up 1.1 %

NYSE RPM opened at $127.57 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 52 week low of $103.63 and a 52 week high of $141.79. The business has a 50 day moving average price of $128.96 and a 200-day moving average price of $125.07. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 2.03 and a beta of 1.02.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business posted $1.22 EPS. RPM International’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts expect that RPM International Inc. will post 5.51 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. RPM International’s dividend payout ratio (DPR) is currently 40.32%.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley upped their target price on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Royal Bank of Canada increased their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the transaction, the director now owns 8,526 shares of the company’s stock, valued at $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

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.