RPM International Inc. $RPM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in RPM International Inc. (NYSE:RPM) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 238,690 shares of the specialty chemicals company’s stock after selling 6,011 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in RPM International were worth $23,726,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RPM. Lazard Asset Management LLC raised its stake in shares of RPM International by 5.8% in the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock valued at $184,000 after acquiring an additional 93 shares in the last quarter. LRI Investments LLC raised its position in RPM International by 6.6% in the 4th quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company’s stock valued at $182,000 after purchasing an additional 108 shares in the last quarter. First American Bank boosted its stake in shares of RPM International by 4.9% in the 4th quarter. First American Bank now owns 2,360 shares of the specialty chemicals company’s stock valued at $245,000 after buying an additional 110 shares during the period. Beese Fulmer Investment Management Inc. grew its position in shares of RPM International by 2.0% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 5,894 shares of the specialty chemicals company’s stock worth $613,000 after buying an additional 114 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new stake in shares of RPM International during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of RPM stock opened at $102.69 on Tuesday. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.46 and a beta of 1.04. The stock’s 50-day moving average is $104.80 and its two-hundred day moving average is $106.33.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be given a $0.54 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.1%. RPM International’s dividend payout ratio is 41.62%.

Wall Street Analyst Weigh In

Several research firms have commented on RPM. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings cut shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Bank of America lowered their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

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.