Forsta AP Fonden Grows Stock Holdings in RPM International Inc. (NYSE:RPM)

Forsta AP Fonden lifted its position in RPM International Inc. (NYSE:RPM) by 166.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,800 shares of the specialty chemicals company’s stock after purchasing an additional 43,000 shares during the quarter. Forsta AP Fonden owned 0.05% of RPM International worth $8,325,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd purchased a new stake in RPM International in the first quarter worth approximately $1,882,000. SG Americas Securities LLC lifted its holdings in shares of RPM International by 193.7% in the 1st quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock worth $3,838,000 after acquiring an additional 21,282 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of RPM International by 22.7% in the 2nd quarter. Transcend Capital Advisors LLC now owns 4,040 shares of the specialty chemicals company’s stock valued at $435,000 after purchasing an additional 748 shares in the last quarter. Cambridge Trust Co. grew its holdings in shares of RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 246 shares during the last quarter. Finally, Christopher J. Hasenberg Inc purchased a new position in RPM International in the 3rd quarter worth $35,000. 80.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Matthew T. Ratajczak sold 3,156 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the sale, the vice president now owns 21,183 shares in the company, valued at approximately $2,727,311.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now directly owns 21,183 shares in the company, valued at approximately $2,727,311.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,957 shares of company stock worth $7,528,522. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RPM has been the subject of several analyst reports. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price target on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada increased their price objective on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Finally, UBS Group decreased their target price on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, RPM International presently has a consensus rating of “Hold” and a consensus target price of $129.70.

RPM International Stock Down 1.3 %

Shares of NYSE RPM opened at $128.45 on Monday. The firm has a fifty day simple moving average of $123.05 and a two-hundred day simple moving average of $115.44. RPM International Inc. has a 12 month low of $88.84 and a 12 month high of $134.56. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $16.54 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion during 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 earnings per share. Equities analysts expect that RPM International Inc. will post 5.55 earnings per share for the current year.

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.59%. RPM International’s payout ratio is currently 47.00%.

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.