Nisa Investment Advisors LLC Sells 6,394 Shares of RPM International Inc. $RPM

Nisa Investment Advisors LLC reduced its position in RPM International Inc. (NYSE:RPM) by 28.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,049 shares of the specialty chemicals company’s stock after selling 6,394 shares during the period. Nisa Investment Advisors LLC’s holdings in RPM International were worth $1,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Amundi raised its holdings in shares of RPM International by 2.3% in the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock valued at $19,135,000 after acquiring an additional 3,788 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company’s stock valued at $271,000 after acquiring an additional 161 shares in the last quarter. United Services Automobile Association bought a new position in RPM International in the first quarter worth about $948,000. Farther Finance Advisors LLC raised its holdings in RPM International by 65.5% in the second quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company’s stock worth $139,000 after purchasing an additional 500 shares in the last quarter. Finally, Strs Ohio bought a new position in RPM International in the first quarter worth about $1,507,000. 80.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RPM has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of RPM International in a report on Wednesday, October 8th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Morgan Stanley boosted their target price on shares of RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Wells Fargo & Company boosted their target price on shares of RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, UBS Group boosted their price target on RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.70.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the sale, the director owned 7,394 shares in the company, valued at $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

RPM International Price Performance

Shares of RPM stock opened at $108.67 on Friday. The stock’s 50-day simple moving average is $118.74 and its 200-day simple moving average is $115.04. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.97 and a beta of 1.03. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.RPM International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 earnings per share. As a group, equities analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be given a $0.54 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, October 20th. RPM International’s payout ratio is currently 40.37%.

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.