ABN Amro Investment Solutions Buys New Position in RPM International Inc. $RPM

ABN Amro Investment Solutions bought a new stake in RPM International Inc. (NYSE:RPM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 59,660 shares of the specialty chemicals company’s stock, valued at approximately $6,553,000.

Other large investors also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of RPM International by 5.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 48,413 shares of the specialty chemicals company’s stock valued at $5,318,000 after acquiring an additional 2,365 shares during the period. Forsta AP Fonden lifted its holdings in RPM International by 13.8% during the 2nd quarter. Forsta AP Fonden now owns 77,600 shares of the specialty chemicals company’s stock valued at $8,524,000 after purchasing an additional 9,400 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in RPM International by 69.2% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 48,104 shares of the specialty chemicals company’s stock valued at $5,284,000 after purchasing an additional 19,669 shares during the last quarter. Advisors Preferred LLC acquired a new position in RPM International in the second quarter valued at about $372,000. Finally, iA Global Asset Management Inc. grew its stake in RPM International by 13.1% during the second quarter. iA Global Asset Management Inc. now owns 2,328 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 270 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Price Performance

RPM opened at $108.05 on Friday. The company has a fifty day moving average price of $115.23 and a two-hundred day moving average price of $115.31. The firm has a market capitalization of $13.85 billion, a PE ratio of 20.20, a P/E/G ratio of 1.97 and a beta of 1.05. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the business posted $1.84 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. This is an increase from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. RPM International’s dividend payout ratio (DPR) is 40.37%.

Insider Activity

In other news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $107.67, for a total value of $40,376.25. Following the completion of the sale, the director directly owned 21,578 shares of the company’s stock, valued at $2,323,303.26. This represents a 1.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RPM shares. BMO Capital Markets lifted their target price on shares of RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Weiss Ratings downgraded RPM International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Wells Fargo & Company increased their target price on RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Finally, Morgan Stanley upped their price target on shares of RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $130.18.

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.