Pacer Advisors Inc. Reduces Holdings in RPM International Inc. (NYSE:RPM)

Pacer Advisors Inc. lessened its position in shares of RPM International Inc. (NYSE:RPM) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,185 shares of the specialty chemicals company’s stock after selling 2,902 shares during the quarter. Pacer Advisors Inc.’s holdings in RPM International were worth $2,361,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake in 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 acquiring an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in RPM International in the 3rd quarter valued at about $35,000. Eastern Bank purchased a new stake in RPM International in the 3rd quarter valued at about $41,000. UMB Bank n.a. lifted its position in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 281 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its stake in shares of RPM International by 37.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock valued at $221,000 after acquiring an additional 501 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group boosted their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Morgan Stanley boosted their price target on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Price Performance

RPM International stock opened at $126.64 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $128.73 and a 200-day simple moving average of $125.18. The stock has a market cap of $16.28 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. RPM International Inc. has a 12-month low of $103.63 and a 12-month high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The company 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%. RPM International’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 EPS. Equities analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio (DPR) is 40.32%.

Insider Buying and Selling at RPM International

In other RPM International news, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction 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 transaction, the director now owns 8,526 shares in the company, valued at $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by 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.