Nisa Investment Advisors LLC Has $2.44 Million Stock Position in RPM International Inc. (NYSE:RPM)

Nisa Investment Advisors LLC trimmed its position in RPM International Inc. (NYSE:RPM) by 42.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,838 shares of the specialty chemicals company’s stock after selling 14,578 shares during the quarter. Nisa Investment Advisors LLC’s holdings in RPM International were worth $2,441,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 82 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in shares of RPM International during the third quarter worth approximately $35,000. Eastern Bank acquired a new stake in shares of RPM International during the third quarter worth approximately $41,000. UMB Bank n.a. boosted its holdings in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of RPM International during the second quarter worth approximately $71,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Stock Down 0.4 %

RPM opened at $126.38 on Monday. 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 current ratio of 2.23 and a quick ratio of 1.46. The firm’s fifty day moving average price is $129.63 and its two-hundred day moving average price is $124.79. The company has a market capitalization of $16.25 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.03 and a beta of 1.02.

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

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.61%. RPM International’s dividend payout ratio (DPR) is 40.32%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RPM. Mizuho cut their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

Insider Buying and Selling

In other news, Director Frederick R. Nance sold 594 shares of the company’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 completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

About RPM International

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.