Wilmington Savings Fund Society FSB Buys New Shares in RPM International Inc. (NYSE:RPM)

Wilmington Savings Fund Society FSB purchased a new stake in RPM International Inc. (NYSE:RPM) during the 3rd quarter, Holdings Channel reports. The firm purchased 10,704 shares of the specialty chemicals company’s stock, valued at approximately $1,295,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPM. Creative Financial Designs Inc. ADV increased its position in shares of 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 acquiring an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc bought a new position in RPM International in the third quarter valued at approximately $35,000. Eastern Bank acquired a new position in shares of RPM International during the 3rd quarter worth approximately $41,000. UMB Bank n.a. raised its stake in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International in the 2nd quarter valued at approximately $45,000. 80.95% of the stock is owned by institutional investors.

RPM International Price Performance

Shares of RPM International stock opened at $132.43 on Friday. 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 capitalization of $17.04 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $133.77 and a two-hundred day simple moving average of $121.39.

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

RPM International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were issued a dividend of $0.51 per share. 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 1.54%. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio is 42.77%.

Insider Buying and Selling

In other news, Director Frederick R. Nance sold 594 shares of the company’s 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 completion of the sale, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction that occurred on Monday, October 7th. The shares were 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 directly owns 21,183 shares in the company, valued at $2,727,311.25. This trade represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,083 shares of company stock worth $1,443,549. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

RPM has been the topic of several analyst reports. Morgan Stanley upped 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 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. Wells Fargo & Company increased their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.