RPM International Inc. $RPM Shares Purchased by Whittier Trust Co.

Whittier Trust Co. increased its stake in RPM International Inc. (NYSE:RPM) by 10.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,921 shares of the specialty chemicals company’s stock after acquiring an additional 4,947 shares during the quarter. Whittier Trust Co.’s holdings in RPM International were worth $5,147,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RPM. PFA Pension Forsikringsaktieselskab acquired a new position in shares of RPM International during the 4th quarter worth about $54,307,000. Life Cycle Investment Partners Ltd acquired a new stake in shares of RPM International in the fourth quarter worth approximately $16,175,000. Danske Bank A S purchased a new stake in shares of RPM International during the third quarter worth approximately $17,362,000. River Road Asset Management LLC acquired a new position in RPM International in the 4th quarter valued at $6,658,000. Finally, California State Teachers Retirement System boosted its stake in RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after purchasing an additional 63,532 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RPM. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Mizuho decreased their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Royal Bank Of Canada boosted their target price on RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, BMO Capital Markets dropped their price target on RPM International from $148.00 to $143.00 and set an “outperform” rating for the company in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.00.

RPM International Trading Down 0.1%

Shares of RPM traded down $0.07 during trading on Tuesday, reaching $110.26. 77,013 shares of the company traded hands, compared to its average volume of 977,237. The stock has a 50-day simple moving average of $104.65 and a 200-day simple moving average of $106.39. 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 twelve month low of $92.92 and a twelve month high of $129.12. The stock has a market cap of $14.07 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04.

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

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 paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.0%. RPM International’s dividend payout ratio is presently 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.