Tredje AP fonden Reduces Holdings in RPM International Inc. (NYSE:RPM)

Tredje AP fonden reduced its position in RPM International Inc. (NYSE:RPM) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,556 shares of the specialty chemicals company’s stock after selling 6,555 shares during the period. Tredje AP fonden’s holdings in RPM International were worth $807,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 84 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of RPM International in the fourth quarter worth $37,000. Farther Finance Advisors LLC boosted its stake in RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 155 shares during the last quarter. Fairway Wealth LLC raised its stake in shares of RPM International by 829.8% in the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 390 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in RPM International by 84.0% in the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock worth $81,000 after purchasing an additional 300 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Trading Up 0.5 %

Shares of RPM stock opened at $116.08 on Friday. The firm has a market capitalization of $14.92 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. RPM International Inc. has a 1 year low of $103.69 and a 1 year high of $141.79. The stock has a fifty day moving average of $123.12 and a two-hundred day moving average of $126.54.

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

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Friday, January 17th. RPM International’s payout ratio is currently 40.32%.

Analysts Set New Price Targets

RPM has been the topic of a number of research analyst reports. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Mizuho reduced their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. UBS Group boosted their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.