Mediolanum International Funds Ltd Sells 6,356 Shares of RPM International Inc. $RPM

Mediolanum International Funds Ltd lessened its stake in RPM International Inc. (NYSE:RPM) by 25.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 18,660 shares of the specialty chemicals company’s stock after selling 6,356 shares during the quarter. Mediolanum International Funds Ltd’s holdings in RPM International were worth $2,184,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp increased its holdings in RPM International by 3.1% in the 3rd quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock valued at $424,000 after acquiring an additional 108 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of RPM International by 55.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 3,620 shares of the specialty chemicals company’s stock valued at $427,000 after purchasing an additional 1,292 shares during the last quarter. Covestor Ltd grew its position in shares of RPM International by 19.3% during the third quarter. Covestor Ltd now owns 784 shares of the specialty chemicals company’s stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Fairway Wealth LLC increased its holdings in shares of RPM International by 4.4% in the third quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock worth $26,445,000 after purchasing an additional 9,409 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of RPM International in the third quarter worth about $30,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Timothy R. Kinser sold 3,441 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the transaction, the vice president owned 21,248 shares in the company, valued at $2,343,866.88. The trade was a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RPM. UBS Group cut their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. BMO Capital Markets lowered their target price on RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. KeyCorp reissued a “sector weight” rating on shares of RPM International in a report on Friday, January 9th. Morgan Stanley restated a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $117.00 to $115.00 in a research report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

RPM International Trading Up 3.2%

Shares of RPM opened at $110.91 on Wednesday. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $129.12. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $107.16 and its 200-day simple moving average is $113.33. The company has a market cap of $14.21 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.58 and a beta of 1.10.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 earnings per share. As a group, analysts expect that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, January 16th. 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.