Inspire Trust Co. N.A. Raises Position in RPM International Inc. $RPM

Inspire Trust Co. N.A. boosted its stake in RPM International Inc. (NYSE:RPM) by 42.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the specialty chemicals company’s stock after buying an additional 9,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in RPM International were worth $3,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC purchased a new position in RPM International in the 4th quarter valued at about $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new position in RPM International in the 4th quarter valued at about $54,307,000. SG Americas Securities LLC lifted its stake in RPM International by 1,863.4% in the 4th quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock valued at $4,707,000 after buying an additional 42,952 shares in the last quarter. Tredje AP fonden lifted its stake in 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. Finally, Danske Bank A S raised its holdings in RPM International by 13.7% in the 4th quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock valued at $17,416,000 after acquiring an additional 20,176 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RPM shares. Morgan Stanley raised their target price on shares of RPM International from $118.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $118.00 to $130.00 in a research note on Wednesday. Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. 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. Finally, Bank of America decreased their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.33.

RPM International Trading Up 1.6%

RPM opened at $106.96 on Friday. The company’s 50 day simple moving average is $101.57 and its two-hundred day simple moving average is $105.95. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12.

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

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $0.54 per share. The ex-dividend date was Thursday, April 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is currently 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.