Handelsbanken Fonder AB Grows Stock Holdings in RPM International Inc. (NYSE:RPM)

Handelsbanken Fonder AB increased its position in shares of RPM International Inc. (NYSE:RPM) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,132 shares of the specialty chemicals company’s stock after buying an additional 2,500 shares during the period. Handelsbanken Fonder AB’s holdings in RPM International were worth $4,200,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in RPM International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after buying an additional 5,947 shares in the last quarter. E. Ohman J or Asset Management AB purchased a new position in RPM International during the fourth quarter valued at $505,000. Longboard Asset Management LP purchased a new position in RPM International during the fourth quarter valued at $225,000. Boston Trust Walden Corp lifted its holdings in RPM International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after purchasing an additional 15,602 shares in the last quarter. Finally, Mediolanum International Funds Ltd raised its position in shares of RPM International by 21.3% in the fourth quarter. Mediolanum International Funds Ltd now owns 54,838 shares of the specialty chemicals company’s stock valued at $6,736,000 after buying an additional 9,615 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Down 1.6 %

Shares of RPM International stock opened at $121.13 on Monday. RPM International Inc. has a 52-week low of $103.68 and a 52-week high of $141.79. The company has a 50 day moving average of $124.40 and a 200 day moving average of $126.01. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $15.57 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.97 and a beta of 1.01.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share. As a group, research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.68%. RPM International’s dividend payout ratio is presently 40.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RPM shares. UBS Group increased their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Mizuho cut their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International 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.