RPM International Inc. $RPM Stake Cut by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its holdings in shares of RPM International Inc. (NYSE:RPM) by 2.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 597,345 shares of the specialty chemicals company’s stock after selling 16,139 shares during the period. Boston Trust Walden Corp’s holdings in RPM International were worth $58,940,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RPM. Operose Advisors LLC purchased a new stake in shares of RPM International in the 2nd quarter worth approximately $26,000. Putney Financial Group LLC bought a new position in shares of RPM International during the third quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its stake in shares of RPM International by 111.4% during the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 195 shares in the last quarter. Root Financial Partners LLC purchased a new position in RPM International during the third quarter valued at approximately $41,000. Finally, Danske Bank A S purchased a new position in RPM International during the second quarter valued at approximately $47,000. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

RPM has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of RPM International from $117.00 to $114.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft dropped their target price on RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. KeyCorp reduced their price target on RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Wells Fargo & Company decreased their price objective on RPM International from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, Barclays assumed coverage on shares of RPM International in a research report on Tuesday, October 13th. They set an “equal weight” rating and a $107.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.71.

RPM International Price Performance

NYSE:RPM opened at $109.19 on Thursday. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $121.78. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average is $100.79 and its two-hundred day moving average is $105.35. The company has a market capitalization of $13.92 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.87 and a beta of 1.01.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.03. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 earnings per share. Equities analysts expect that RPM International Inc. will post 5.93 EPS for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were paid a $0.57 dividend. The ex-dividend date was Tuesday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 2.1%. RPM International’s payout ratio is 42.22%.

RPM International Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves industrial, construction, commercial and consumer markets through a portfolio of businesses that develop products designed to protect, repair, maintain and enhance buildings, infrastructure, equipment and other surfaces.

RPM’s products include architectural and industrial coatings, waterproofing systems, roofing materials, flooring systems, caulks, adhesives, sealants and repair products.