Whittier Trust Co. Purchases 1,307 Shares of RPM International Inc. $RPM

Whittier Trust Co. grew its position in RPM International Inc. (NYSE:RPM) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,266 shares of the specialty chemicals company’s stock after acquiring an additional 1,307 shares during the period. Whittier Trust Co.’s holdings in RPM International were worth $5,191,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Amundi raised its stake in shares of RPM International by 2.3% in the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock valued at $19,135,000 after acquiring an additional 3,788 shares during the last quarter. GAMMA Investing LLC grew its holdings in RPM International by 7.4% during the 1st quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company’s stock worth $271,000 after acquiring an additional 161 shares during the period. United Services Automobile Association acquired a new stake in RPM International during the 1st quarter worth $948,000. Farther Finance Advisors LLC boosted its position in shares of RPM International by 65.5% during the second quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company’s stock worth $139,000 after purchasing an additional 500 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of RPM International during the first quarter worth $1,507,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RPM shares. BMO Capital Markets lifted their price target on shares of RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Morgan Stanley boosted 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. Royal Bank Of Canada dropped their target price on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. UBS Group upped their target price on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RPM International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, RPM International has an average rating of “Moderate Buy” and an average price target of $130.70.

RPM International Stock Performance

Shares of RPM International stock opened at $113.18 on Wednesday. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. The firm has a market capitalization of $14.51 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.04 and a beta of 1.03. The company’s 50 day moving average price is $120.64 and its two-hundred day moving average price is $114.65.

RPM International (NYSE:RPM) last issued its 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. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.84 earnings per share. On average, equities analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. RPM International’s payout ratio is 40.37%.

Insider Activity

In other news, Director Frederick R. Nance sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the transaction, the director owned 7,394 shares of the company’s stock, valued at approximately $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

RPM International 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.