Nisa Investment Advisors LLC Acquires 12,470 Shares of RPM International Inc. (NYSE:RPM)

Nisa Investment Advisors LLC lifted its stake in shares of RPM International Inc. (NYSE:RPM) by 56.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,416 shares of the specialty chemicals company’s stock after acquiring an additional 12,470 shares during the quarter. Nisa Investment Advisors LLC’s holdings in RPM International were worth $4,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in RPM International by 61.6% in the first quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock worth $11,903,000 after purchasing an additional 38,135 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of RPM International by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 95,078 shares of the specialty chemicals company’s stock valued at $11,310,000 after buying an additional 4,592 shares during the last quarter. Whittier Trust Co. boosted its stake in RPM International by 4.7% in the first quarter. Whittier Trust Co. now owns 39,605 shares of the specialty chemicals company’s stock valued at $4,711,000 after acquiring an additional 1,774 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in RPM International by 5.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 20,136 shares of the specialty chemicals company’s stock valued at $2,395,000 after purchasing an additional 1,014 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of RPM International in the 1st quarter valued at about $774,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the sale, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other RPM International news, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now owns 21,183 shares in the company, valued at approximately $2,727,311.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,957 shares of company stock valued at $7,528,522 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RPM shares. UBS Group decreased their price target on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company increased their target price on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Mizuho lowered their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, RPM International currently has a consensus rating of “Hold” and a consensus price target of $129.70.

RPM International Price Performance

Shares of RPM opened at $126.43 on Friday. The stock’s fifty day moving average is $124.28 and its 200-day moving average is $116.01. 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 firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. RPM International Inc. has a one year low of $93.15 and a one year high of $134.56.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. RPM International’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. Equities analysts anticipate that RPM International Inc. will post 5.55 EPS for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were issued a dividend of $0.51 per share. 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 dividend yield of 1.61%. RPM International’s dividend payout ratio is currently 42.77%.

RPM International 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.