RPM International Inc. (NYSE:RPM) Stock Holdings Lessened by Tredje AP fonden

Tredje AP fonden cut its stake in shares of RPM International Inc. (NYSE:RPM) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,556 shares of the specialty chemicals company’s stock after selling 6,555 shares during the quarter. Tredje AP fonden’s holdings in RPM International were worth $807,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec boosted 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 valued at $24,290,000 after purchasing an additional 194,215 shares during the period. Geode Capital Management LLC increased its position in shares of RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after acquiring an additional 145,070 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of RPM International by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after acquiring an additional 87,540 shares during the period. Amundi lifted its position in shares of RPM International by 33.4% in the 4th quarter. Amundi now owns 166,166 shares of the specialty chemicals company’s stock valued at $20,367,000 after acquiring an additional 41,575 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in RPM International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after purchasing an additional 15,602 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. UBS Group increased their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. decreased their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Mizuho dropped their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Performance

Shares of RPM opened at $116.08 on Friday. The company has a market capitalization of $14.92 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. 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 Inc. has a one year low of $103.69 and a one year high of $141.79. The company’s fifty day moving average price is $123.12 and its 200 day moving average price is $126.54.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 EPS. As a group, analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.76%. RPM International’s payout ratio is 40.32%.

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.