Park National Corp OH Reduces Position in RPM International Inc. (NYSE:RPM)

Park National Corp OH trimmed its holdings in RPM International Inc. (NYSE:RPM) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,088 shares of the specialty chemicals company’s stock after selling 724 shares during the quarter. Park National Corp OH’s holdings in RPM International were worth $5,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its position in RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after buying an additional 145,070 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of RPM International by 9,945.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after acquiring an additional 1,930,072 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of RPM International by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock worth $29,228,000 after acquiring an additional 1,919 shares during the period. National Pension Service boosted its position in shares of RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after acquiring an additional 10,317 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of RPM International by 2,975.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after purchasing an additional 194,215 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Price Performance

RPM stock opened at $121.71 on Wednesday. The business’s fifty day moving average price is $131.57 and its 200 day moving average price is $123.13. RPM International Inc. has a 12-month low of $103.63 and a 12-month high of $141.79. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $15.66 billion, a PE ratio of 25.52, a P/E/G ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. RPM International’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. On average, sell-side analysts anticipate that RPM International Inc. will post 5.56 EPS for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.68%. RPM International’s dividend payout ratio is presently 42.77%.

Analyst Upgrades and Downgrades

RPM has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $134.00 to $140.00 in a research report on Wednesday. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research note on Monday. Finally, UBS Group upped their price target on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.60.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the vice president now owns 22,738 shares in the company, valued at $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,927 shares of company stock worth $1,037,214 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

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.