Whittier Trust Co. of Nevada Inc. Has $2.76 Million Stake in RPM International Inc. (NYSE:RPM)

Whittier Trust Co. of Nevada Inc. grew its holdings in RPM International Inc. (NYSE:RPM) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,457 shares of the specialty chemicals company’s stock after purchasing an additional 872 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in RPM International were worth $2,763,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in RPM. EverSource Wealth Advisors LLC lifted its position in RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 84 shares in the last quarter. Crews Bank & Trust bought a new position in shares of RPM International in the fourth quarter worth about $37,000. Farther Finance Advisors LLC lifted its position in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 155 shares in the last quarter. Fairway Wealth LLC grew its stake in shares of RPM International by 829.8% during the fourth 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 during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of RPM International by 148.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of NYSE:RPM opened at $114.42 on Friday. The firm’s 50 day simple moving average is $122.46 and its 200 day simple moving average is $126.45. RPM International Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $141.79. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.97 and a beta of 1.00. 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 quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping 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 company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm posted $1.22 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.78%. RPM International’s dividend payout ratio (DPR) is currently 40.32%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI raised RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group upped their price target on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Finally, Mizuho reduced their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Six equities 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.00.

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.