Huntington National Bank Has $1.31 Million Stake in RPM International Inc. (NYSE:RPM)

Huntington National Bank boosted its position in RPM International Inc. (NYSE:RPM) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 10,828 shares of the specialty chemicals company’s stock after purchasing an additional 108 shares during the quarter. Huntington National Bank’s holdings in RPM International were worth $1,310,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in shares of 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 worth $26,000 after purchasing an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the 3rd quarter worth approximately $35,000. Cambridge Trust Co. grew its holdings in RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 246 shares during the last quarter. Versant Capital Management Inc increased its position in RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 318 shares during the period. Finally, Eastern Bank bought a new position in shares of RPM International during the third quarter valued at $41,000. 80.95% of the stock is currently owned by institutional investors.

RPM International Stock Down 0.5 %

Shares of NYSE RPM opened at $135.30 on Friday. RPM International Inc. has a 12-month low of $100.56 and a 12-month high of $138.26. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The firm has a market cap of $17.41 billion, a PE ratio of 28.36, a P/E/G ratio of 2.03 and a beta of 0.99. The company’s fifty day simple moving average is $128.08 and its 200 day simple moving average is $117.85.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.64 EPS. As a group, sell-side analysts forecast that RPM International Inc. will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were issued a $0.51 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio (DPR) is currently 42.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RPM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upped their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company raised their price objective on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Mizuho reduced their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, BMO Capital Markets restated an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $129.70.

Insider Activity at RPM International

In other news, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is owned by company insiders.

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.