Coastline Trust Co Has $588,000 Position in RPM International Inc. (NYSE:RPM)

Coastline Trust Co lessened its position in RPM International Inc. (NYSE:RPM) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,860 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. Coastline Trust Co’s holdings in RPM International were worth $588,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd lifted its position in RPM International by 122.9% during the 1st quarter. Covestor Ltd now owns 740 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 408 shares in the last quarter. InterOcean Capital Group LLC acquired a new position in RPM International during the first quarter valued at approximately $200,000. LRI Investments LLC bought a new position in RPM International in the first quarter valued at approximately $241,000. SVB Wealth LLC increased its position in shares of RPM International by 3.0% during the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 159 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of RPM International by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after purchasing an additional 12,791 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

RPM opened at $135.25 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The company has a market capitalization of $17.41 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99. The business has a fifty day simple moving average of $128.08 and a 200 day simple moving average of $117.92. RPM International Inc. has a 1 year low of $100.56 and a 1 year high of $138.26.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 earnings per share. Research analysts expect that RPM International Inc. will post 5.55 EPS for the current year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, October 18th. RPM International’s payout ratio is 42.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price target on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $129.70.

Insider Buying and Selling

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the sale, the chief accounting officer now directly owns 11,596 shares in the company, valued at $1,474,315.44. This represents a 23.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock valued at $1,443,549 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

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.