KLP Kapitalforvaltning AS Buys 800 Shares of RPM International Inc. $RPM

KLP Kapitalforvaltning AS boosted its stake in RPM International Inc. (NYSE:RPM) by 1.8% in the second quarter, HoldingsChannel reports. The firm owned 46,400 shares of the specialty chemicals company’s stock after acquiring an additional 800 shares during the period. KLP Kapitalforvaltning AS’s holdings in RPM International were worth $5,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RPM. Thurston Springer Miller Herd & Titak Inc. increased its holdings in RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 250 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of RPM International by 43.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 118 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after acquiring an additional 344 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of RPM International by 71.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 384 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of RPM International by 28.7% in the second quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock worth $118,000 after acquiring an additional 239 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares of the company’s stock, valued at approximately $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

RPM International Stock Up 0.1%

RPM stock opened at $111.02 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. The stock has a market capitalization of $14.23 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.01 and a beta of 1.03. The business has a 50-day moving average of $121.62 and a 200-day moving average of $114.75. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.RPM International’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, sell-side analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.9%. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, October 20th. RPM International’s payout ratio is currently 38.13%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RPM shares. Mizuho increased their price target on RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of RPM International in a report on Wednesday. BMO Capital Markets increased their price target on RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Royal Bank Of Canada lowered their price target on RPM International from $125.00 to $121.00 and set a “sector perform” rating for the company in a report on Monday, October 6th. Finally, Morgan Stanley upped their price objective on RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.60.

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.