Stock Yards Bank & Trust Co. Sells 100 Shares of RPM International Inc. $RPM

Stock Yards Bank & Trust Co. cut its stake in RPM International Inc. (NYSE:RPM) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,046 shares of the specialty chemicals company’s stock after selling 100 shares during the period. Stock Yards Bank & Trust Co.’s holdings in RPM International were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RPM. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 250 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 118 shares during the period. Farther Finance Advisors LLC grew its position in shares of RPM International by 82.1% during the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after buying an additional 344 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of RPM International by 71.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 384 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of RPM International by 28.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock worth $118,000 after buying an additional 239 shares during the period. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Morgan Stanley lifted their price target on shares of RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. UBS Group lifted their price target on shares of RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Royal Bank Of Canada boosted their price objective on shares of RPM International from $115.00 to $125.00 and gave the company a “sector perform” rating in a report on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RPM International in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.00.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director owned 7,394 shares in the company, valued at $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

RPM International Stock Up 0.4%

RPM International stock opened at $116.71 on Friday. The stock has a market capitalization of $14.96 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $141.79. The company has a quick ratio of 1.45, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $122.29 and a 200-day moving average of $114.84.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. On average, equities research analysts anticipate that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date is Monday, October 20th. RPM International’s dividend payout ratio is currently 38.13%.

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.