RPM International Inc. $RPM Stock Holdings Reduced by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its RPM International stake by 2.6% in the third quarter, selling 16,139 shares. It retained 597,345 shares, valued at about $58.9 million.
• RPM reported quarterly EPS of $1.98, topping the $1.95 consensus, while revenue of $2.22 billion matched expectations and rose 4.8% year over year.
• The company raised its quarterly dividend from $0.54 to $0.57 per share, equivalent to $2.28 annually and a 2.1% yield. Analysts’ consensus rating was “Moderate Buy,” with a $121.71 average price target.

Boston Trust Walden Corp reduced its stake in shares of RPM International Inc. (NYSE:RPM - Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 597,345 shares of the specialty chemicals company's stock after selling 16,139 shares during the period. Boston Trust Walden Corp owned 0.47% of RPM International worth $58,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RPM. Operose Advisors LLC purchased a new position in shares of RPM International in the second quarter worth $26,000. Putney Financial Group LLC bought a new stake in shares of RPM International in the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC lifted its position in RPM International by 111.4% in the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 195 shares during the last quarter. Root Financial Partners LLC bought a new position in RPM International during the third quarter valued at $41,000. Finally, Danske Bank A S purchased a new stake in shares of RPM International in the second quarter valued at $47,000. 80.95% of the stock is owned by institutional investors.

RPM International Trading Up 3.6%

RPM stock opened at $109.19 on Thursday. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $121.78. The firm's 50-day moving average is $100.79 and its 200 day moving average is $105.35. The company has a market capitalization of $13.92 billion, a PE ratio of 20.22, a P/E/G ratio of 1.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.03. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. On average, research analysts anticipate that RPM International Inc. will post 5.93 EPS for the current year.

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were issued a $0.57 dividend. The ex-dividend date was Tuesday, October 20th. This is a positive change from RPM International's previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.1%. RPM International's dividend payout ratio (DPR) is presently 42.22%.

Analyst Ratings Changes

A number of research firms recently commented on RPM. BMO Capital Markets lifted their price target on shares of RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. KeyCorp reduced their price objective on shares of RPM International from $123.00 to $117.00 and set an "overweight" rating on the stock in a research report on Friday, October 9th. Wall Street Zen downgraded shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Royal Bank Of Canada dropped their target price on RPM International from $128.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, October 7th. Finally, Bank of America increased their price target on RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.71.

RPM International Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves industrial, construction, commercial and consumer markets through a portfolio of businesses that develop products designed to protect, repair, maintain and enhance buildings, infrastructure, equipment and other surfaces.

RPM's products include architectural and industrial coatings, waterproofing systems, roofing materials, flooring systems, caulks, adhesives, sealants and repair products.

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