RPM International Inc. (NYSE:RPM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in RPM International Inc. (NYSE:RPM) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,183 shares of the specialty chemicals company’s stock after buying an additional 247 shares during the period. GAMMA Investing LLC’s holdings in RPM International were worth $269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RPM. Geode Capital Management LLC grew its stake in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after acquiring an additional 145,070 shares during the period. Pacer Advisors Inc. grew its position in shares of RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after purchasing an additional 1,930,072 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in RPM International by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock valued at $29,228,000 after purchasing an additional 1,919 shares during the last quarter. National Pension Service lifted its position in RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after buying an additional 10,317 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in RPM International by 2,975.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after buying an additional 194,215 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,927 shares of company stock worth $1,037,214. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RPM. UBS Group upped their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada boosted their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their target price on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley upped their price target on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $131.00.

RPM International Stock Performance

RPM International stock opened at $121.71 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International Inc. has a one year low of $103.63 and a one year high of $141.79. The stock’s 50 day moving average price is $131.57 and its 200 day moving average price is $123.13. The firm has a market capitalization of $15.66 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. As a group, sell-side analysts expect that RPM International Inc. will post 5.56 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, January 17th. RPM International’s payout ratio is 42.77%.

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.