RPM International Inc. $RPM Shares Purchased by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp increased its stake in RPM International Inc. by 18.1%, owning 601,564 shares valued at approximately $66 million as of the last SEC filing.
• RPM International reported a quarterly earnings per share of $1.88, exceeding analysts' expectations, and also announced an increase in its quarterly dividend to $0.54 per share.
• Several brokerages raised their target prices for RPM stock, with BMO Capital Markets setting a new target of $152.00 and Mizuho raising theirs to $140.00.

Boston Trust Walden Corp raised its stake in RPM International Inc. (NYSE:RPM - Free Report) by 18.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 601,564 shares of the specialty chemicals company's stock after purchasing an additional 92,358 shares during the period. Boston Trust Walden Corp owned 0.47% of RPM International worth $66,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 118 shares during the period. Farther Finance Advisors LLC grew 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 worth $89,000 after purchasing an additional 344 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 71.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock worth $106,000 after purchasing an additional 384 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in RPM International by 28.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company's stock worth $118,000 after acquiring an additional 239 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Stock Up 0.3%

NYSE:RPM opened at $111.58 on Tuesday. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $141.79. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.02 and a beta of 1.03. The stock has a 50-day moving average price of $121.48 and a two-hundred day moving average price of $114.71.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The company had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. RPM International's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from RPM International's previous quarterly dividend of $0.51. The ex-dividend date is Monday, October 20th. RPM International's dividend payout ratio is 38.13%.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on RPM. Mizuho upped their target price on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Morgan Stanley raised their target price on RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of RPM International in a research report on Wednesday, October 8th. BMO Capital Markets raised their price target on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada lowered their price target on RPM International from $125.00 to $121.00 and set a "sector perform" rating on the stock in a report on Monday, October 6th. One 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.60.

About RPM International

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.

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