Gulf International Bank UK Ltd Sells 99 Shares of RPM International Inc. (NYSE:RPM)

Gulf International Bank UK Ltd trimmed its position in RPM International Inc. (NYSE:RPM) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,074 shares of the specialty chemicals company’s stock after selling 99 shares during the quarter. Gulf International Bank UK Ltd’s holdings in RPM International were worth $1,239,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its holdings in RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Huntington National Bank boosted its holdings in RPM International by 1.0% in the third quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after acquiring an additional 108 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in RPM International by 4.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock worth $423,000 after acquiring an additional 132 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in RPM International by 7.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock worth $377,000 after acquiring an additional 216 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in RPM International by 12.8% in the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock worth $269,000 after acquiring an additional 247 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Stock Performance

Shares of RPM opened at $123.97 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.97 and a beta of 1.01. The stock has a 50 day moving average of $123.82 and a 200 day moving average of $126.22. RPM International Inc. has a 12 month low of $103.68 and a 12 month high of $141.79.

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

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s payout ratio is 40.32%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. UBS Group increased their price objective on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Evercore ISI raised RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Mizuho lowered their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.00.

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.