Caisse DE Depot ET Placement DU Quebec Acquires 194,215 Shares of RPM International Inc. (NYSE:RPM)

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of RPM International Inc. (NYSE:RPM) by 2,975.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 200,742 shares of the specialty chemicals company’s stock after purchasing an additional 194,215 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in RPM International were worth $24,290,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Transcend Capital Advisors LLC grew its position in shares of RPM International by 22.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 4,040 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 748 shares during the period. Christopher J. Hasenberg Inc bought a new position in RPM International during the third quarter valued at $35,000. National Pension Service increased its position in RPM International by 4.8% in the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after buying an additional 10,317 shares during the last quarter. One Capital Management LLC raised its stake in shares of 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 valued at $10,954,000 after buying an additional 20,556 shares during the period. Finally, DNB Asset Management AS lifted its position in shares of RPM International by 12.9% during 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 buying an additional 2,681 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Transactions at RPM International

In other news, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares in the company, valued at approximately $2,727,311.25. This represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock valued at $1,443,549 in the last quarter. Insiders own 1.60% of the company’s stock.

RPM International Trading Down 0.1 %

RPM International stock opened at $138.78 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $141.79. The stock has a market cap of $17.86 billion, a P/E ratio of 29.09, a PEG ratio of 2.07 and a beta of 0.99. The firm’s fifty day moving average price is $131.41 and its 200-day moving average price is $119.76.

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, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company earned $1.64 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts forecast that RPM International Inc. will post 5.56 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.47%. 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. RPM International’s payout ratio is currently 42.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RPM. 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 boosted their price target on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and set a $149.00 target price (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price target on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $129.70.

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.