RPM International Inc. (NYSE:RPM) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA cut its stake in shares of RPM International Inc. (NYSE:RPM) by 27.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,032 shares of the specialty chemicals company’s stock after selling 1,515 shares during the period. Jacobs & Co. CA’s holdings in RPM International were worth $450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC boosted its holdings in RPM International by 6.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,375 shares of the specialty chemicals company’s stock valued at $225,000 after purchasing an additional 135 shares in the last quarter. Ancora Advisors LLC boosted its holdings in RPM International by 11.5% in the first quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 150 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in RPM International by 1.9% in the fourth quarter. Tributary Capital Management LLC now owns 8,832 shares of the specialty chemicals company’s stock valued at $986,000 after purchasing an additional 168 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in RPM International by 1.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 18,201 shares of the specialty chemicals company’s stock valued at $1,726,000 after purchasing an additional 267 shares in the last quarter. Finally, North Point Portfolio Managers Corp OH boosted its holdings in RPM International by 0.3% in the third quarter. North Point Portfolio Managers Corp OH now owns 106,106 shares of the specialty chemicals company’s stock valued at $10,060,000 after purchasing an additional 274 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RPM. UBS Group increased their price objective on RPM International from $111.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. BMO Capital Markets increased their price objective on RPM International from $125.00 to $127.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Finally, Mizuho initiated coverage on RPM International in a report on Friday, January 12th. They issued a “buy” rating and a $128.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.80.

RPM International Stock Up 2.1 %

RPM opened at $120.18 on Thursday. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.95. RPM International Inc. has a 52 week low of $78.52 and a 52 week high of $120.20. The business’s fifty day simple moving average is $112.00 and its 200 day simple moving average is $104.89. The firm has a market cap of $15.49 billion, a P/E ratio of 29.46, a PEG ratio of 1.79 and a beta of 1.04.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, January 4th. The specialty chemicals company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.01). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. RPM International had a return on equity of 26.71% and a net margin of 7.15%. RPM International’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, equities research analysts anticipate that RPM International Inc. will post 4.96 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. RPM International’s payout ratio is 45.10%.

Insider Transactions at RPM International

In other news, VP Timothy R. Kinser sold 2,380 shares of RPM International stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $107.00, for a total value of $254,660.00. Following the completion of the transaction, the vice president now owns 20,767 shares in the company, valued at approximately $2,222,069. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other RPM International news, VP Timothy R. Kinser sold 2,380 shares of RPM International stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $107.00, for a total transaction of $254,660.00. Following the sale, the vice president now owns 20,767 shares of the company’s stock, valued at approximately $2,222,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,215 shares of company stock worth $1,112,547. 1.50% of the stock is currently owned by corporate insiders.

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.