Whittier Trust Co. Increases Stake in RPM International Inc. $RPM

Whittier Trust Co. boosted its holdings in shares of RPM International Inc. (NYSE:RPM) by 10.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 52,921 shares of the specialty chemicals company’s stock after buying an additional 4,947 shares during the period. Whittier Trust Co.’s holdings in RPM International were worth $5,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Horizon Investments LLC purchased a new stake in shares of RPM International during the fourth quarter worth $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new position in RPM International in the fourth quarter valued at $54,307,000. SG Americas Securities LLC grew its stake in RPM International by 1,863.4% during the 4th quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock worth $4,707,000 after purchasing an additional 42,952 shares in the last quarter. Danske Bank A S increased its holdings in RPM International by 13.7% during the 4th quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after purchasing an additional 20,176 shares during the period. Finally, Douglass Winthrop Advisors LLC acquired a new stake in RPM International in the 3rd quarter valued at about $725,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Down 0.1%

RPM stock traded down $0.07 during midday trading on Tuesday, reaching $110.26. 77,013 shares of the company were exchanged, compared to its average volume of 977,237. The company has a market cap of $14.07 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. The stock’s 50-day simple moving average is $104.65 and its 200 day simple moving average is $106.39.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities analysts forecast that RPM International Inc. will post 5.46 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, July 14th. RPM International’s dividend payout ratio is currently 41.62%.

Wall Street Analyst Weigh In

RPM has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective on RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Mizuho dropped their price objective on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Wall Street Zen lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings downgraded shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.00.

RPM International Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.