Pensionfund Sabic Buys Shares of 9,400 RPM International Inc. $RPM

Pensionfund Sabic purchased a new stake in RPM International Inc. (NYSE:RPM) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,400 shares of the specialty chemicals company’s stock, valued at approximately $978,000.

Several other large investors have also recently made changes to their positions in the stock. Fairway Wealth LLC boosted its position in RPM International by 4.4% during the third quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock valued at $26,445,000 after purchasing an additional 9,409 shares in the last quarter. Boston Trust Walden Corp raised its holdings in RPM International by 8.5% in the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after purchasing an additional 51,152 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of RPM International during the second quarter valued at about $2,791,000. Pacer Advisors Inc. lifted its position in shares of RPM International by 242.2% during the third quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company’s stock valued at $2,330,000 after buying an additional 13,992 shares during the last quarter. Finally, Tredje AP fonden boosted its holdings in shares of RPM International by 90.4% in the 3rd quarter. Tredje AP fonden now owns 21,890 shares of the specialty chemicals company’s stock valued at $2,580,000 after buying an additional 10,393 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the transaction, the vice president directly owned 21,248 shares in the company, valued at $2,343,866.88. This trade represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

RPM International Stock Up 2.6%

NYSE:RPM opened at $98.77 on Thursday. The company’s 50 day moving average is $109.07 and its two-hundred day moving average is $110.15. The company has a market cap of $12.65 billion, a PE ratio of 19.03, a P/E/G ratio of 2.34 and a beta of 1.09. RPM International Inc. has a twelve month low of $92.92 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.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. RPM International’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. Analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.2%. RPM International’s dividend payout ratio is currently 41.62%.

Analyst Ratings Changes

RPM has been the topic of a number of analyst reports. Zacks Research downgraded shares of RPM International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Mizuho cut their price target on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday. JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $117.00 to $115.00 in a research report on Friday, January 9th. Finally, Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $121.00 to $132.00 in a report on Tuesday, December 9th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

RPM International Company Profile

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.