45,600 Shares in RPM International Inc. (NYSE:RPM) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of RPM International Inc. (NYSE:RPM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,600 shares of the specialty chemicals company’s stock, valued at approximately $5,612,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPM. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of RPM International by 2,975.6% in the third 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 purchasing an additional 194,215 shares during the last quarter. iA Global Asset Management Inc. grew its position 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 buying an additional 501 shares during the last quarter. Dorsey Wright & Associates increased its stake in shares of RPM International by 4.0% in the third quarter. Dorsey Wright & Associates now owns 26,194 shares of the specialty chemicals company’s stock valued at $3,169,000 after buying an additional 1,006 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of RPM International by 5.8% during the third quarter. Public Employees Retirement System of Ohio now owns 51,260 shares of the specialty chemicals company’s stock worth $6,202,000 after acquiring an additional 2,794 shares during the last quarter. Finally, LRI Investments LLC lifted its stake in shares of RPM International by 12.4% in the third quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock worth $297,000 after acquiring an additional 271 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RPM shares. JPMorgan Chase & Co. decreased their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group lifted their price objective on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RPM International presently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Down 0.8 %

RPM stock opened at $115.75 on Wednesday. The stock’s 50 day simple moving average is $122.19 and its 200 day simple moving average is $126.63. The company has a market cap of $14.88 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. 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 fifty-two week low of $103.69 and a fifty-two week high of $141.79.

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

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio is currently 40.32%.

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.