4,100 Shares in RPM International Inc. (NYSE:RPM) Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB acquired a new position in RPM International Inc. (NYSE:RPM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,100 shares of the specialty chemicals company’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Longboard Asset Management LP bought a new position in RPM International in the fourth quarter worth approximately $225,000. Boston Trust Walden Corp boosted its position in RPM International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after acquiring an additional 15,602 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in RPM International by 21.3% during the 4th quarter. Mediolanum International Funds Ltd now owns 54,838 shares of the specialty chemicals company’s stock valued at $6,736,000 after acquiring an additional 9,615 shares in the last quarter. Crews Bank & Trust bought a new stake in RPM International during the 4th quarter valued at $37,000. Finally, Tributary Capital Management LLC boosted its position in RPM International by 34.5% during the 4th quarter. Tributary Capital Management LLC now owns 9,368 shares of the specialty chemicals company’s stock valued at $1,153,000 after acquiring an additional 2,404 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RPM. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $134.00 to $140.00 in a research report 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. Mizuho dropped their target price on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. UBS Group increased their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. decreased their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

RPM International Stock Performance

Shares of RPM stock opened at $123.01 on Thursday. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The business has a fifty day moving average of $127.70 and a 200 day moving average of $125.43. RPM International Inc. has a 1 year low of $103.68 and a 1 year high of $141.79.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.66%. RPM International’s dividend payout ratio (DPR) is 40.32%.

RPM International 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.