Cambridge Trust Co. Grows Stake in RPM International Inc. (NYSE:RPM)

Cambridge Trust Co. grew its stake in shares of RPM International Inc. (NYSE:RPM) by 273.3% during the first quarter, HoldingsChannel reports. The firm owned 336 shares of the specialty chemicals company’s stock after buying an additional 246 shares during the period. Cambridge Trust Co.’s holdings in RPM International were worth $40,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jackson Creek Investment Advisors LLC acquired a new stake in shares of RPM International during the fourth quarter valued at about $357,000. Mediolanum International Funds Ltd purchased a new stake in RPM International during the 1st quarter worth approximately $1,882,000. United Services Automobile Association acquired a new position in shares of RPM International in the 4th quarter valued at approximately $1,131,000. SG Americas Securities LLC boosted its stake in shares of RPM International by 193.7% during the 1st quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock valued at $3,838,000 after buying an additional 21,282 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in shares of RPM International by 337.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock worth $24,649,000 after buying an additional 170,369 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction 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 approximately $2,866,890.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

RPM International Stock Performance

NYSE:RPM traded down $1.04 during midday trading on Friday, reaching $117.77. 957,148 shares of the company traded hands, compared to its average volume of 716,976. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a fifty day moving average price of $111.30 and a 200 day moving average price of $111.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. RPM International Inc. has a twelve month low of $88.84 and a twelve month high of $122.92.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) 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 firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. On average, analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, July 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. RPM International’s dividend payout ratio is presently 42.40%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RPM shares. UBS Group reduced their price objective on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company increased their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Tuesday, July 16th. BMO Capital Markets increased their price target on shares of 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 reduced their price target on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $122.33.

RPM International Profile

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.