RPM International Inc. (NYSE:RPM) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in RPM International Inc. (NYSE:RPM) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 260,470 shares of the specialty chemicals company’s stock after selling 1,552 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in RPM International were worth $29,076,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of RPM International by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 1,827,966 shares of the specialty chemicals company’s stock valued at $159,244,000 after buying an additional 56,726 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of RPM International by 2.9% in the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock valued at $54,553,000 after buying an additional 13,860 shares during the period. Cowa LLC lifted its holdings in shares of RPM International by 9,901.1% in the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after buying an additional 319,411 shares during the period. California Public Employees Retirement System increased its stake in shares of RPM International by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 239,153 shares of the specialty chemicals company’s stock valued at $22,674,000 after purchasing an additional 3,484 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of RPM International by 9.0% in the 1st quarter. Baird Financial Group Inc. now owns 233,786 shares of the specialty chemicals company’s stock valued at $19,039,000 after purchasing an additional 19,318 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

NYSE:RPM opened at $106.57 on Monday. RPM International Inc. has a 12 month low of $78.52 and a 12 month high of $120.74. The stock has a 50 day moving average of $113.77 and a two-hundred day moving average of $107.00. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93. The firm has a market cap of $13.72 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. On average, analysts expect that RPM International Inc. will post 4.94 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a $0.46 dividend. The ex-dividend date is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Insider Activity

In other news, VP Matthew T. Ratajczak sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total value of $657,780.00. Following the completion of the sale, the vice president now directly owns 23,451 shares in the company, valued at $2,570,933.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Frederick R. Nance sold 1,835 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now directly owns 8,180 shares in the company, valued at $892,029. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total value of $657,780.00. Following the transaction, the vice president now owns 23,451 shares in the company, valued at $2,570,933.13. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on RPM shares. BMO Capital Markets cut their price target on RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a research note on Friday, April 5th. Mizuho lifted their price target on RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, April 5th. UBS Group lifted their price target on RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Robert W. Baird lifted their price target on RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.11.

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.