MetLife Investment Management LLC Has $8.21 Million Position in RPM International Inc. (NYSE:RPM)

MetLife Investment Management LLC cut its holdings in RPM International Inc. (NYSE:RPM) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,846 shares of the specialty chemicals company’s stock after selling 1,261 shares during the quarter. MetLife Investment Management LLC’s holdings in RPM International were worth $8,209,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RPM. Creative Financial Designs Inc. ADV lifted its stake in RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc bought a new stake in RPM International in the 3rd quarter valued at $35,000. Versant Capital Management Inc boosted its stake 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 worth $40,000 after purchasing an additional 318 shares during the period. Cambridge Trust Co. increased its holdings in RPM International by 273.3% during the 1st 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. Finally, Eastern Bank acquired a new stake in shares of RPM International in the 3rd quarter valued at about $41,000. 80.95% of the stock is owned by institutional investors.

RPM International Trading Down 0.5 %

Shares of NYSE:RPM opened at $138.85 on Friday. RPM International Inc. has a 52-week low of $100.56 and a 52-week high of $141.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The company has a market capitalization of $17.87 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 2.08 and a beta of 0.99. The company has a 50-day simple moving average of $130.81 and a 200 day simple moving average of $119.41.

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

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. RPM International’s dividend payout ratio is presently 42.77%.

Insider Activity

In other news, CAO Michael J. Laroche sold 3,615 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares in the company, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick R. Nance sold 594 shares of the business’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 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. Insiders have sold 11,083 shares of company stock valued at $1,443,549 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RPM shares. Deutsche Bank Aktiengesellschaft upped their price objective on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada raised their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their price objective on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company lifted their price target on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $129.70.

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.