BNP Paribas Financial Markets Sells 3,281 Shares of RPM International Inc. (NYSE:RPM)

BNP Paribas Financial Markets trimmed its position in RPM International Inc. (NYSE:RPM) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,661 shares of the specialty chemicals company’s stock after selling 3,281 shares during the quarter. BNP Paribas Financial Markets’ holdings in RPM International were worth $6,251,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in shares of RPM International in the 3rd quarter valued at $35,000. National Pension Service grew its holdings in RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after acquiring an additional 10,317 shares during the period. One Capital Management LLC increased its holdings in RPM International by 25.3% in the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after purchasing an additional 20,556 shares in the last quarter. DNB Asset Management AS increased its stake in shares of RPM International by 12.9% in the 2nd quarter. DNB Asset Management AS now owns 23,527 shares of the specialty chemicals company’s stock valued at $2,533,000 after acquiring an additional 2,681 shares in the last quarter. Finally, Hardin Capital Partners LLC acquired a new position in shares of RPM International during the second quarter valued at about $363,000. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Morgan Stanley boosted their target price on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $149.00 price target (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada raised their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $129.70.

RPM International Stock Up 0.6 %

RPM stock opened at $139.65 on Tuesday. The business’s 50-day moving average price is $131.41 and its 200-day moving average price is $119.81. The stock has a market cap of $17.97 billion, a P/E ratio of 29.18, a PEG ratio of 2.07 and a beta of 0.99. RPM International Inc. has a twelve month low of $100.82 and a twelve month high of $141.79. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion for 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 company’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.64 EPS. On average, equities research analysts forecast that RPM International Inc. will post 5.56 EPS for the current year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 18th. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.46%. RPM International’s payout ratio is currently 42.77%.

Insiders Place Their Bets

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at $1,474,315.44. This represents a 23.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the transaction, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,083 shares of company stock worth $1,443,549 in the last three months. 1.60% of the stock is owned by company insiders.

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.