RPM International Inc. $RPM Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. boosted its stake in RPM International Inc. (NYSE:RPM) by 42.9% in the 4th quarter, Holdings Channel reports. The firm owned 30,000 shares of the specialty chemicals company’s stock after purchasing an additional 9,000 shares during the period. Inspire Trust Co. N.A.’s holdings in RPM International were worth $3,120,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RPM. PFA Pension Forsikringsaktieselskab acquired a new stake in RPM International in the 4th quarter valued at approximately $54,307,000. Life Cycle Investment Partners Ltd acquired a new stake in RPM International in the 4th quarter valued at approximately $16,175,000. Danske Bank A S acquired a new stake in RPM International in the 3rd quarter valued at approximately $17,362,000. California State Teachers Retirement System increased its holdings in RPM International by 21.7% in the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after purchasing an additional 63,532 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in RPM International by 1,863.4% in the 4th quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock valued at $4,707,000 after purchasing an additional 42,952 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America dropped their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Morgan Stanley lifted 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. Weiss Ratings downgraded shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Mizuho dropped their price target on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.33.

RPM International Stock Performance

NYSE:RPM opened at $106.96 on Friday. The company has a fifty day simple moving average of $101.57 and a two-hundred day simple moving average of $105.95. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.69 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 Inc. has a 52 week low of $92.92 and a 52 week high of $129.12.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities analysts anticipate that RPM International Inc. will post 5.46 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a $0.54 dividend. The ex-dividend date was Thursday, April 16th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International’s payout ratio is 41.62%.

About RPM International

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.