RPM International Inc. (NYSE:RPM) Shares Acquired by WASHINGTON TRUST Co

WASHINGTON TRUST Co increased its stake in shares of RPM International Inc. (NYSE:RPM) by 11.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,062 shares of the specialty chemicals company’s stock after acquiring an additional 107 shares during the period. WASHINGTON TRUST Co’s holdings in RPM International were worth $119,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in RPM International by 1,735.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 486 shares during the period. Covestor Ltd boosted its holdings in RPM International by 274.8% in the third quarter. Covestor Ltd now owns 566 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in RPM International during the 1st quarter worth approximately $56,000. UniSuper Management Pty Ltd purchased a new stake in RPM International during the 2nd quarter worth approximately $81,000. Finally, Resources Management Corp CT ADV boosted its stake in shares of RPM International by 2,362.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 1,231 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 1,181 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group lifted their price target on shares of RPM International from $111.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Mizuho started coverage on shares of RPM International in a research note on Friday, January 12th. They issued a “buy” rating and a $128.00 target price on the stock. Finally, BMO Capital Markets increased their price target on shares of RPM International from $125.00 to $127.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.80.

Insider Buying and Selling

In other RPM International news, Director Frederick R. Nance sold 1,835 shares of RPM International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total transaction of $200,106.75. Following the sale, the director now owns 8,180 shares of the company’s stock, valued at approximately $892,029. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Frederick R. Nance sold 1,835 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the transaction, the director now directly owns 8,180 shares in the company, valued at $892,029. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The disclosure for this sale can be found here. Insiders sold 10,215 shares of company stock valued at $1,112,547 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

RPM International Stock Down 1.1 %

NYSE:RPM opened at $118.90 on Friday. The firm has a market capitalization of $15.32 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.04. RPM International Inc. has a 52 week low of $78.52 and a 52 week high of $120.74. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $112.19 and a 200-day moving average of $104.99.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, January 4th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01). RPM International had a net margin of 7.15% and a return on equity of 26.71%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. Analysts predict that RPM International Inc. will post 4.96 EPS for the current year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $1.84 annualized dividend and a dividend yield of 1.55%. RPM International’s dividend payout ratio is presently 45.10%.

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.