MetLife Investment Management LLC Has $8.21 Million Stake in RPM International Inc. (NYSE:RPM)

MetLife Investment Management LLC cut its holdings in RPM International Inc. (NYSE:RPM) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,846 shares of the specialty chemicals company’s stock after selling 1,261 shares during the period. MetLife Investment Management LLC owned 0.05% of RPM International worth $8,209,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its position in RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares during the period. Christopher J. Hasenberg Inc bought a new position in RPM International during the third quarter worth $35,000. Cambridge Trust Co. raised its stake in RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 246 shares during the last quarter. Eastern Bank acquired a new stake in RPM International in the 3rd quarter worth $41,000. Finally, UMB Bank n.a. increased its holdings in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Trading Down 0.5 %

RPM stock opened at $138.85 on Friday. The business has a fifty day moving average price of $130.81 and a 200 day moving average price of $119.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. RPM International Inc. has a fifty-two week low of $100.56 and a fifty-two week high of $141.79. The stock has a market capitalization of $17.87 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.08 and a beta of 0.99.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. Analysts expect that RPM International Inc. will post 5.56 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio is presently 42.77%.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This trade represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock valued at $1,443,549 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RPM shares. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price objective on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley upped 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada increased their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $129.70.

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.