Gulf International Bank UK Ltd Has $1.24 Million Holdings in RPM International Inc. (NYSE:RPM)

Gulf International Bank UK Ltd decreased its holdings in shares of RPM International Inc. (NYSE:RPM) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,074 shares of the specialty chemicals company’s stock after selling 99 shares during the quarter. Gulf International Bank UK Ltd’s holdings in RPM International were worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RPM. Nisa Investment Advisors LLC raised its stake in RPM International by 56.8% during the third quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock worth $4,164,000 after acquiring an additional 12,470 shares in the last quarter. New York State Teachers Retirement System raised its stake in RPM International by 0.5% during the third quarter. New York State Teachers Retirement System now owns 150,891 shares of the specialty chemicals company’s stock worth $18,258,000 after acquiring an additional 754 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in 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 acquiring an additional 82 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in RPM International by 2.7% during the third quarter. Janney Montgomery Scott LLC now owns 87,967 shares of the specialty chemicals company’s stock worth $10,644,000 after acquiring an additional 2,321 shares in the last quarter. Finally, National Pension Service raised its stake in RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after acquiring an additional 10,317 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

RPM has been the subject of several research analyst reports. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group boosted their price target on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Mizuho reduced their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Performance

Shares of RPM stock opened at $123.97 on Friday. The business’s 50 day simple moving average is $123.82 and its 200 day simple moving average is $126.22. RPM International Inc. has a one year low of $103.68 and a one year high of $141.79. The stock has a market capitalization of $15.94 billion, a PE ratio of 24.50, a PEG ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46.

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

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.65%. The ex-dividend date was Friday, January 17th. RPM International’s payout ratio is presently 40.32%.

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.