Boston Trust Walden Corp Purchases 15,602 Shares of RPM International Inc. (NYSE:RPM)

Boston Trust Walden Corp grew its position in RPM International Inc. (NYSE:RPM) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,601 shares of the specialty chemicals company’s stock after acquiring an additional 15,602 shares during the period. Boston Trust Walden Corp owned about 0.40% of RPM International worth $62,712,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in RPM International during the third quarter worth about $1,295,000. Christopher J. Hasenberg Inc bought a new position in shares of RPM International during the 3rd quarter worth approximately $35,000. National Pension Service increased its holdings in shares of 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 last quarter. Toronto Dominion Bank raised its stake in RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after acquiring an additional 4,062 shares during the period. Finally, Forsta AP Fonden lifted its holdings in RPM International by 166.7% during the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after purchasing an additional 43,000 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RPM shares. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Mizuho lowered their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group upped their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RPM International presently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Trading Down 0.7 %

RPM opened at $126.64 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International Inc. has a twelve month low of $103.63 and a twelve month high of $141.79. The stock has a market capitalization of $16.28 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.02 and a beta of 1.01. The company has a 50-day simple moving average of $128.73 and a 200 day simple moving average of $125.32.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Analysts predict 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 Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.61%. RPM International’s dividend payout ratio is currently 40.32%.

Insider Activity at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by insiders.

RPM International Company 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.