B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 2,730 RPM International Inc. (NYSE:RPM)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of RPM International Inc. (NYSE:RPM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,730 shares of the specialty chemicals company’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the period. Bank of New York Mellon Corp boosted its position in RPM International by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock valued at $158,912,000 after buying an additional 61,218 shares during the period. Forsta AP Fonden grew its stake in RPM International by 166.7% in the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $8,325,000 after acquiring an additional 43,000 shares in the last quarter. Neo Ivy Capital Management bought a new position in RPM International in the 2nd quarter worth about $3,676,000. Finally, One Capital Management LLC increased its position in shares of RPM International by 25.3% during the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after acquiring an additional 20,556 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RPM has been the topic of several research analyst reports. Royal Bank of Canada increased their price objective on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price target on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. BMO Capital Markets reiterated an “outperform” rating and set a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.70.

Insiders Place Their Bets

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is owned by company insiders.

RPM International Price Performance

Shares of NYSE RPM opened at $137.87 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The company has a market cap of $17.74 billion, a PE ratio of 28.90, a P/E/G ratio of 2.04 and a beta of 0.99. The business has a 50-day simple moving average of $129.79 and a two-hundred day simple moving average of $118.89. RPM International Inc. has a fifty-two week low of $100.56 and a fifty-two week high of $138.26.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. As a group, equities analysts expect that RPM International Inc. will post 5.56 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.48%. RPM International’s dividend payout ratio (DPR) is 42.77%.

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.