Sumitomo Mitsui Trust Group Inc. Has $26.46 Million Stake in RPM International Inc. $RPM

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of RPM International Inc. (NYSE:RPM) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,929 shares of the specialty chemicals company’s stock after selling 4,646 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in RPM International were worth $26,464,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Tributary Capital Management LLC grew its position in shares of RPM International by 3.5% during the 2nd quarter. Tributary Capital Management LLC now owns 10,106 shares of the specialty chemicals company’s stock worth $1,110,000 after buying an additional 342 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of RPM International by 3.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 24,371 shares of the specialty chemicals company’s stock worth $2,677,000 after buying an additional 847 shares during the period. Whittier Trust Co. grew its position in shares of RPM International by 2.8% during the 2nd quarter. Whittier Trust Co. now owns 47,266 shares of the specialty chemicals company’s stock worth $5,191,000 after buying an additional 1,307 shares during the period. Boston Trust Walden Corp grew its position in shares of RPM International by 18.1% during the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after buying an additional 92,358 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in shares of RPM International by 1.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 46,400 shares of the specialty chemicals company’s stock worth $5,097,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of RPM opened at $111.69 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $141.79. The firm’s 50 day moving average price is $119.36 and its two-hundred day moving average price is $115.06. The firm has a market cap of $14.32 billion, a P/E ratio of 20.88, a PEG ratio of 2.03 and a beta of 1.03.

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

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a $0.54 dividend. 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 dividend on an annualized basis and a yield of 1.9%. RPM International’s payout ratio is presently 40.37%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Mizuho lifted their price target on shares of RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. 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. Weiss Ratings restated a “buy (b-)” rating on shares of RPM International in a report on Wednesday, October 8th. UBS Group boosted their price objective 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, Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.70.

Insiders Place Their Bets

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of RPM International stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the transaction, the director owned 7,394 shares of the company’s stock, valued at approximately $882,547.84. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

RPM International Company 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.