RPM International Inc. $RPM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of RPM International Inc. (NYSE:RPM) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 238,690 shares of the specialty chemicals company’s stock after selling 6,011 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of RPM International worth $23,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter worth $54,307,000. California State Teachers Retirement System boosted its position in RPM International by 14.5% during the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after acquiring an additional 49,979 shares during the last quarter. Ameriprise Financial Inc. boosted its position in RPM International by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after acquiring an additional 888 shares during the last quarter. Danske Bank A S grew its stake in RPM International by 13.7% during the 4th quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock valued at $17,416,000 after acquiring an additional 20,176 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new stake in RPM International in the 4th quarter valued at about $16,175,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup boosted their target price on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Mizuho lowered their price target on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. BMO Capital Markets dropped their price objective on shares of RPM International from $148.00 to $143.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Royal Bank Of Canada raised their price objective on shares of RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Finally, Morgan Stanley boosted their target price on shares of RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

RPM International Stock Down 2.3%

NYSE:RPM opened at $102.69 on Tuesday. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $129.12. The stock’s fifty day moving average is $104.80 and its two-hundred day moving average is $106.33. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.46 and a beta of 1.04. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is 41.62%.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.