Handelsbanken Fonder AB Raises Holdings in RPM International Inc. (NYSE:RPM)

Handelsbanken Fonder AB boosted its position in RPM International Inc. (NYSE:RPM) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,132 shares of the specialty chemicals company’s stock after acquiring an additional 2,500 shares during the period. Handelsbanken Fonder AB’s holdings in RPM International were worth $4,200,000 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. Geode Capital Management LLC boosted its holdings in shares of RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after purchasing an additional 145,070 shares during the last quarter. Boston Trust Walden Corp increased its stake in RPM International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after buying an additional 15,602 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in RPM International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after buying an additional 5,947 shares during the period. National Pension Service increased its stake in RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after buying an additional 10,317 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of RPM International by 2,975.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after purchasing an additional 194,215 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RPM. Mizuho dropped their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Down 1.6 %

RPM stock opened at $121.13 on Monday. RPM International Inc. has a 12 month low of $103.68 and a 12 month high of $141.79. The firm has a market cap of $15.57 billion, a PE ratio of 23.94, a P/E/G ratio of 1.97 and a beta of 1.01. The firm has a 50 day simple moving average of $124.40 and a 200 day simple moving average of $126.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business earned $1.22 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.68%. RPM International’s dividend payout ratio is currently 40.32%.

RPM International Company Profile

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.