Caisse DE Depot ET Placement DU Quebec Sells 55,051 Shares of RPM International Inc. $RPM

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in RPM International Inc. by 19.7%, now holding 224,519 shares valued at approximately $25.97 million.
• RPM International reported $1.72 EPS for the latest quarter, exceeding analysts' expectations, alongside a revenue of $2.08 billion, a 3.7% increase from the previous year.
• The company announced a quarterly dividend of $0.51 per share, representing an annualized yield of 1.6% with a payout ratio of 38.13%.

Caisse DE Depot ET Placement DU Quebec trimmed its position in RPM International Inc. (NYSE:RPM - Free Report) by 19.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,519 shares of the specialty chemicals company's stock after selling 55,051 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.17% of RPM International worth $25,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in RPM International by 82.1% in the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after buying an additional 344 shares in the last quarter. SG Americas Securities LLC lifted its stake in RPM International by 355.5% in the first quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company's stock valued at $591,000 after purchasing an additional 3,985 shares during the last quarter. GAMMA Investing LLC lifted its stake in RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock valued at $271,000 after purchasing an additional 161 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in RPM International by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company's stock valued at $39,143,000 after purchasing an additional 33,016 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in RPM International by 145,300.0% in the first quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company's stock valued at $336,000 after purchasing an additional 2,906 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RPM. Mizuho upped their price objective on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Bank of America upgraded RPM International from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 14th. Morgan Stanley increased their target price 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. BMO Capital Markets increased their target price on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company increased their target price on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $131.09.

RPM International Price Performance

Shares of RPM stock traded down $0.08 on Monday, reaching $125.40. The company's stock had a trading volume of 634,553 shares, compared to its average volume of 648,893. The company has a quick ratio of 1.45, a current ratio of 2.16 and a debt-to-equity ratio of 0.91. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79. The company has a market capitalization of $16.09 billion, a P/E ratio of 23.44, a PEG ratio of 1.86 and a beta of 1.04. The stock's 50 day simple moving average is $117.79 and its 200-day simple moving average is $114.58.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. RPM International had a return on equity of 24.94% and a net margin of 9.34%.The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business posted $1.56 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 15th. RPM International's dividend payout ratio (DPR) is 38.13%.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the transaction, the director owned 7,394 shares of the company's stock, valued at $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate 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.