Gulf International Bank UK Ltd Has $854,000 Stock Holdings in RPM International Inc. $RPM

Key Points

• Gulf International Bank UK Ltd reduced its stake in RPM International Inc. by 26.7%, now holding 7,389 shares valued at approximately $854,000.
• Several institutional investors increased their holdings in RPM International, with Lindbrook Capital LLC boosting its stake by 129.5% during the same quarter.
• RPM International recently reported a quarterly earnings per share (EPS) of $1.72, beating estimates, and a revenue growth of 3.7% year-over-year.

Gulf International Bank UK Ltd lessened its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,389 shares of the specialty chemicals company's stock after selling 2,685 shares during the period. Gulf International Bank UK Ltd's holdings in RPM International were worth $854,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised its holdings in RPM International by 43.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 118 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of RPM International by 82.1% during the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after acquiring an additional 344 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock valued at $106,000 after acquiring an additional 384 shares in the last quarter. Archer Investment Corp lifted its holdings in RPM International by 21.2% in the 1st quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company's stock worth $133,000 after purchasing an additional 201 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in RPM International by 129.5% during the first quarter. Lindbrook Capital LLC now owns 1,565 shares of the specialty chemicals company's stock worth $181,000 after purchasing an additional 883 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RPM has been the topic of several analyst reports. Morgan Stanley increased their price target on RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup assumed coverage on shares of RPM International in a research note on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price on the stock. Mizuho boosted their target price on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Bank of America upgraded shares of RPM International from an "underperform" rating to a "neutral" rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 14th. Finally, Wells Fargo & Company lifted their price objective on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One investment 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 company. According to MarketBeat.com, RPM International has an average rating of "Moderate Buy" and an average price target of $131.09.

RPM International Stock Performance

Shares of NYSE:RPM traded up $4.5250 on Friday, hitting $128.8650. 134,437 shares of the company were exchanged, compared to its average volume of 765,449. The company's 50 day moving average price is $115.24 and its two-hundred day moving average price is $114.51. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79.

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

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 15th. RPM International's dividend payout ratio is presently 38.13%.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the sale, the director owned 7,394 shares of the company's stock, valued at $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

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.