Sumitomo Mitsui Trust Group Inc. Buys 1,919 Shares of RPM International Inc. (NYSE:RPM)

Sumitomo Mitsui Trust Group Inc. increased its stake in RPM International Inc. (NYSE:RPM) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,551 shares of the specialty chemicals company’s stock after buying an additional 1,919 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of RPM International worth $29,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. grew its position in shares of RPM International by 13.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,797 shares of the specialty chemicals company’s stock valued at $1,186,000 after acquiring an additional 1,143 shares during the period. National Pension Service grew its holdings in RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after purchasing an additional 10,317 shares during the period. Janney Montgomery Scott LLC increased its position in RPM International by 2.7% during the third quarter. Janney Montgomery Scott LLC now owns 87,967 shares of the specialty chemicals company’s stock worth $10,644,000 after buying an additional 2,321 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake 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 valued at $26,000 after buying an additional 82 shares during the period. Finally, New York State Teachers Retirement System lifted its position in shares of RPM International by 0.5% in the third quarter. New York State Teachers Retirement System now owns 150,891 shares of the specialty chemicals company’s stock valued at $18,258,000 after buying an additional 754 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $149.00 target price (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Mizuho decreased their price target on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada boosted their price objective on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, RPM International has an average rating of “Hold” and an average target price of $129.70.

RPM International Trading Down 0.5 %

Shares of RPM stock opened at $135.25 on Friday. The stock has a market cap of $17.41 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. RPM International Inc. has a 1 year low of $100.56 and a 1 year high of $138.26. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $128.08 and a 200 day simple moving average of $117.92.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm earned $1.64 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts predict that RPM International Inc. will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 18th. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.51%. RPM International’s payout ratio is presently 42.77%.

Insider Transactions at RPM International

In other news, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value 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. Company insiders own 1.60% of the company’s stock.

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.