Stock Yards Bank & Trust Co. Sells 1,454 Shares of RPM International Inc. (NYSE:RPM)

Stock Yards Bank & Trust Co. reduced its stake in shares of RPM International Inc. (NYSE:RPM) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,204 shares of the specialty chemicals company’s stock after selling 1,454 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in RPM International were worth $1,235,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV grew its position 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 acquiring an additional 82 shares during the last quarter. Huntington National Bank boosted its stake in shares of RPM International by 1.0% during the third quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock valued at $1,310,000 after purchasing an additional 108 shares during the period. Summit Financial LLC grew its holdings in shares of RPM International by 5.9% in the second quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock worth $271,000 after purchasing an additional 141 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new position in shares of RPM International in the third quarter worth $35,000. Finally, LRI Investments LLC raised its holdings in RPM International by 12.4% during the 3rd quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock valued at $297,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity

In other news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was 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 directly owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew T. Ratajczak sold 3,156 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the completion of the transaction, the vice president now owns 21,183 shares in the company, valued at approximately $2,727,311.25. The trade was a 12.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,083 shares of company stock worth $1,443,549. Insiders own 1.60% of the company’s stock.

RPM International Price Performance

Shares of RPM stock opened at $132.83 on Friday. The business’s fifty day moving average is $133.70 and its 200 day moving average is $121.17. 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 stock has a market cap of $17.10 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.00 and a beta of 1.00. RPM International Inc. has a twelve month low of $100.82 and a twelve month high of $141.79.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 EPS. Research analysts expect that RPM International Inc. will post 5.56 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a dividend of $0.51 per share. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.54%. RPM International’s dividend payout ratio (DPR) is currently 42.77%.

Wall Street Analysts Forecast Growth

RPM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Morgan Stanley upped their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their target price on RPM International from $120.00 to $126.00 and gave the company a “sector perform” 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.