Park National Corp OH Reduces Stake in RPM International Inc. (NYSE:RPM)

Park National Corp OH decreased its holdings in shares of RPM International Inc. (NYSE:RPMFree Report) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 46,088 shares of the specialty chemicals company’s stock after selling 724 shares during the quarter. Park National Corp OH’s holdings in RPM International were worth $5,672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the 3rd quarter worth $35,000. Eastern Bank purchased a new stake in RPM International in the third quarter valued at $41,000. UMB Bank n.a. boosted its stake in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after acquiring an additional 281 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of RPM International during the second quarter worth about $45,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RPM shares. Royal Bank of Canada boosted their target price on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. UBS Group increased their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average target price of $131.60.

Read Our Latest Research Report on RPM

RPM International Stock Up 1.1 %

Shares of NYSE:RPM opened at $121.71 on Wednesday. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.98 and a beta of 1.02. RPM International Inc. has a fifty-two week low of $103.63 and a fifty-two week high of $141.79. The firm’s 50-day simple moving average is $131.57 and its 200-day simple moving average is $123.13. 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:RPMGet Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS. As a group, equities research analysts predict that RPM International Inc. will post 5.56 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, January 17th. RPM International’s dividend payout ratio is presently 42.77%.

Insiders Place Their Bets

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the company’s 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 transaction, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,927 shares of company stock worth $1,037,214. 1.60% of the stock is owned by corporate insiders.

About RPM International

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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