Sumitomo Mitsui Trust Group Inc. Buys 5,947 Shares of RPM International Inc. (NYSE:RPM)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of RPM International Inc. (NYSE:RPM) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 247,498 shares of the specialty chemicals company’s stock after purchasing an additional 5,947 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in RPM International were worth $30,457,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of RPM International in the 3rd quarter worth about $1,295,000. National Pension Service raised its position in shares of RPM International by 4.8% in the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after acquiring an additional 10,317 shares in the last quarter. Toronto Dominion Bank raised its position in shares of RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after acquiring an additional 4,062 shares in the last quarter. Forsta AP Fonden raised its position in shares of RPM International by 166.7% in the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $8,325,000 after acquiring an additional 43,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of RPM International by 56.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock worth $4,164,000 after acquiring an additional 12,470 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other RPM International news, 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

RPM International Price Performance

RPM stock opened at $122.04 on Wednesday. The company has a market capitalization of $15.69 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. RPM International Inc. has a 52-week low of $103.68 and a 52-week high of $141.79. The business has a 50-day simple moving average of $126.36 and a two-hundred day simple moving average of $125.70.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. Research analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.67%. RPM International’s dividend payout ratio is currently 40.32%.

Analysts Set New Price Targets

RPM has been the subject of several research analyst reports. Mizuho lowered their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. UBS Group raised their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

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.