RPM International Inc. $RPM Stake Boosted by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its stake in shares of RPM International Inc. (NYSE:RPM) by 28.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,000 shares of the specialty chemicals company’s stock after buying an additional 10,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in RPM International were worth $4,440,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RPM. BlackRock Inc. purchased a new position in shares of RPM International in the 2nd quarter valued at about $1,456,684,000. Corient Private Wealth LP acquired a new stake in shares of RPM International in the 2nd quarter valued at about $11,652,000. Bank of New York Mellon Corp acquired a new stake in shares of RPM International in the 2nd quarter valued at about $118,220,000. Legal & General Group Plc purchased a new position in RPM International during the 2nd quarter worth approximately $37,713,000. Finally, Deutsche Bank AG purchased a new position in RPM International during the 2nd quarter worth approximately $25,999,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Down 0.3%

RPM stock opened at $106.02 on Wednesday. The stock has a market capitalization of $13.52 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. The company has a fifty day moving average of $100.75 and a 200-day moving average of $105.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.76. RPM International Inc. has a one year low of $92.92 and a one year high of $121.78.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 earnings per share. As a group, analysts expect that RPM International Inc. will post 5.93 EPS for the current year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were paid a dividend of $0.57 per share. This is a positive change from RPM International’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. RPM International’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RPM. Barclays began coverage on RPM International in a research note on Tuesday, October 13th. They issued an “equal weight” rating and a $107.00 price objective for the company. Wells Fargo & Company reduced their price target on shares of RPM International from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Wall Street Zen downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. KeyCorp decreased their price target on shares of RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, RPM International currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

RPM International Company Profile

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.