DnB Asset Management AS decreased its holdings in shares of RPM International Inc. (NYSE:RPM – Get Rating) by 6.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 26,769 shares of the specialty chemicals company’s stock after selling 1,800 shares during the period. DnB Asset Management AS’s holdings in RPM International were worth $2,107,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in RPM International by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company’s stock worth $161,533,000 after acquiring an additional 34,887 shares during the period. GW&K Investment Management LLC grew its position in RPM International by 7.1% in the 1st quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company’s stock worth $49,519,000 after purchasing an additional 40,198 shares during the last quarter. Boston Trust Walden Corp grew its position in RPM International by 13.1% in the 1st quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock worth $45,152,000 after purchasing an additional 64,242 shares during the last quarter. Cowa LLC grew its position in RPM International by 9,901.1% in the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 319,411 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in RPM International by 0.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 319,611 shares of the specialty chemicals company’s stock worth $26,029,000 after purchasing an additional 2,534 shares during the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of RPM International from $104.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. Credit Suisse Group assumed coverage on shares of RPM International in a research report on Monday, June 27th. They issued an “outperform” rating and a $95.00 target price for the company. Bank of America decreased their price objective on shares of RPM International from $90.00 to $78.00 and set an “underperform” rating for the company in a report on Wednesday, July 13th. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Finally, TheStreet upgraded shares of RPM International from a “c+” rating to a “b” rating in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $96.75.
Insiders Place Their Bets
RPM International Trading Down 2.5 %
Shares of NYSE:RPM opened at $86.71 on Thursday. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 4.33 and a beta of 0.94. RPM International Inc. has a 1-year low of $74.56 and a 1-year high of $101.48. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.96 and a current ratio of 1.56. The company has a 50 day moving average price of $90.77 and a 200 day moving average price of $85.70.
RPM International (NYSE:RPM – Get Rating) last issued its earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02). The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. RPM International had a return on equity of 25.57% and a net margin of 7.33%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 earnings per share. On average, research analysts anticipate that RPM International Inc. will post 4.29 EPS for the current fiscal year.
RPM International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, July 14th. RPM International’s payout ratio is 42.22%.
RPM International Company Profile
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and manufacturing industry; 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.
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