Forsta AP Fonden Sells 400 Shares of RPM International Inc. (NYSE:RPM)

Forsta AP Fonden lessened its stake in shares of RPM International Inc. (NYSE:RPM) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,400 shares of the specialty chemicals company’s stock after selling 400 shares during the period. Forsta AP Fonden owned about 0.05% of RPM International worth $8,417,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc bought a new position in shares of RPM International in the 3rd quarter valued at about $35,000. Eastern Bank acquired a new position in shares of RPM International during the 3rd quarter worth about $41,000. UMB Bank n.a. lifted its stake in RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in RPM International during the second quarter worth about $71,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

RPM International Stock Performance

NYSE:RPM opened at $127.57 on Friday. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.03 and a beta of 1.02. RPM International Inc. has a fifty-two week low of $103.63 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The stock has a fifty day moving average price of $128.96 and a 200-day moving average price of $125.07.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. As a group, equities analysts anticipate that RPM International Inc. will post 5.51 EPS for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, January 17th. RPM International’s payout ratio is presently 40.32%.

Wall Street Analyst Weigh In

RPM has been the topic of several research analyst reports. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Morgan Stanley raised their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

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.