RPM International Inc. (NYSE:RPM) Shares Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd raised its stake in shares of RPM International Inc. (NYSE:RPM) by 52,725.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,904 shares of the specialty chemicals company’s stock after buying an additional 16,872 shares during the quarter. Plato Investment Management Ltd’s holdings in RPM International were worth $2,011,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Motley Fool Asset Management LLC boosted its holdings in shares of RPM International by 8.1% during the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 197 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of RPM International by 5.3% during the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after purchasing an additional 12,791 shares during the last quarter. SVB Wealth LLC raised its position in shares of RPM International by 3.0% in the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after buying an additional 159 shares during the period. LRI Investments LLC purchased a new position in shares of RPM International in the 1st quarter worth $241,000. Finally, InterOcean Capital Group LLC purchased a new position in shares of RPM International in the 1st quarter worth $200,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Activity

In related news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

RPM International Stock Performance

RPM stock traded down $2.64 during midday trading on Thursday, reaching $118.82. The company had a trading volume of 699,115 shares, compared to its average volume of 631,339. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $111.07 and a 200 day moving average price of $111.40. RPM International Inc. has a fifty-two week low of $88.84 and a fifty-two week high of $122.92. The firm has a market capitalization of $15.30 billion, a PE ratio of 27.38, a P/E/G ratio of 1.79 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.56. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. Analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.55%. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Wall Street Analysts Forecast Growth

Several research firms have commented on RPM. JPMorgan Chase & Co. lowered RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research report on Friday, July 26th. Royal Bank of Canada raised their price objective on RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. UBS Group dropped their target price on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets lifted their target price on RPM International from $123.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Mizuho dropped their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, RPM International has an average rating of “Hold” and an average price target of $122.33.

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.