Handelsinvest Investeringsforvaltning Has $333,000 Holdings in RPM International Inc. (NYSE:RPM)

Handelsinvest Investeringsforvaltning cut its holdings in RPM International Inc. (NYSE:RPM) by 34.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,799 shares of the specialty chemicals company’s stock after selling 1,453 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in RPM International were worth $333,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Boston Trust Walden Corp boosted its stake in shares of RPM International by 2.9% during the fourth quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock valued at $54,553,000 after purchasing an additional 13,860 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of RPM International by 6.7% during the fourth quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock valued at $26,708,000 after purchasing an additional 15,084 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake 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 valued at $24,649,000 after purchasing an additional 170,369 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of RPM International by 1.7% during the fourth quarter. New York State Teachers Retirement System now owns 146,563 shares of the specialty chemicals company’s stock valued at $16,361,000 after purchasing an additional 2,504 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of RPM International by 352.0% during the fourth quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company’s stock valued at $15,214,000 after purchasing an additional 105,925 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Up 0.9 %

Shares of RPM stock opened at $107.17 on Thursday. The company has a market cap of $13.80 billion, a P/E ratio of 24.69, a PEG ratio of 1.49 and a beta of 1.00. The stock has a 50 day simple moving average of $110.49 and a two-hundred day simple moving average of $110.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.39 and a current ratio of 2.29. RPM International Inc. has a fifty-two week low of $85.81 and a fifty-two week high of $120.74.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Research analysts forecast that RPM International Inc. will post 4.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RPM. Robert W. Baird lifted their price target on RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. BMO Capital Markets lowered their price objective on RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a research report on Friday, April 5th. UBS Group raised their price objective on RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Mizuho raised their price objective on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, RPM International has a consensus rating of “Moderate Buy” and a consensus price target of $115.11.

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.