UMB Bank n.a. Acquires 300 Shares of RPM International Inc. (NYSE:RPM)

UMB Bank n.a. lifted its stake in RPM International Inc. (NYSE:RPM) by 84.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 657 shares of the specialty chemicals company’s stock after purchasing an additional 300 shares during the quarter. UMB Bank n.a.’s holdings in RPM International were worth $81,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RPM. Creative Financial Designs Inc. ADV raised its stake 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 valued at $26,000 after buying an additional 82 shares during the last quarter. Huntington National Bank boosted its stake in RPM International by 1.0% in the 3rd quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after purchasing an additional 108 shares in the last quarter. ST Germain D J Co. Inc. grew its position in RPM International by 7.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock valued at $377,000 after purchasing an additional 216 shares during the last quarter. GAMMA Investing LLC increased its stake in RPM International by 12.8% during the 4th quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 247 shares in the last quarter. Finally, Christopher J. Hasenberg Inc purchased a new position in RPM International in the third quarter worth about $35,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at RPM International

In other news, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Morgan Stanley boosted their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Price Performance

NYSE RPM opened at $126.98 on Friday. The business’s fifty day moving average is $129.81 and its 200 day moving average is $124.38. RPM International Inc. has a fifty-two week low of $103.63 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company has a market capitalization of $16.33 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.02.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the company posted $1.22 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that RPM International Inc. will post 5.51 earnings per share for the current year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.61%. RPM International’s payout ratio is 40.32%.

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.