B. Metzler seel. Sohn & Co. Holding AG Takes Position in RPM International Inc. (NYSE:RPM)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of RPM International Inc. (NYSE:RPM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,730 shares of the specialty chemicals company’s stock, valued at approximately $330,000.

Other hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its stake in RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new stake in shares of RPM International during the third quarter worth approximately $35,000. Cambridge Trust Co. increased its position in shares of RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 246 shares in the last quarter. Versant Capital Management Inc lifted its holdings in RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 318 shares in the last quarter. Finally, Eastern Bank acquired a new stake in RPM International during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of RPM International stock opened at $137.87 on Monday. The business’s fifty day simple moving average is $129.79 and its 200-day simple moving average is $118.89. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The firm has a market cap of $17.74 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. RPM International Inc. has a 52 week low of $100.56 and a 52 week high of $138.26.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. Equities analysts forecast that RPM International Inc. will post 5.56 earnings per share for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a $0.51 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.48%. RPM International’s payout ratio is presently 42.77%.

Insiders Place Their Bets

In other news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the sale, the vice president now owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This represents a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock worth $1,443,549 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

RPM has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 price objective (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Royal Bank of Canada increased their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company boosted their price objective on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RPM International currently has a consensus rating of “Hold” and an average price target of $129.70.

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.