Silvercrest Asset Management Group LLC Sells 150 Shares of RPM International Inc. (NYSE:RPM)

Silvercrest Asset Management Group LLC lowered its position in shares of RPM International Inc. (NYSE:RPM) by 0.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,147 shares of the specialty chemicals company’s stock after selling 150 shares during the period. Silvercrest Asset Management Group LLC’s holdings in RPM International were worth $2,040,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its stake in shares of RPM International by 337.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after purchasing an additional 170,369 shares in the last quarter. Russell Investments Group Ltd. boosted its position in RPM International by 352.0% during the 4th quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company’s stock worth $15,214,000 after buying an additional 105,925 shares during the period. BNP Paribas Financial Markets grew its holdings in RPM International by 534.7% during the 4th quarter. BNP Paribas Financial Markets now owns 61,936 shares of the specialty chemicals company’s stock worth $6,914,000 after acquiring an additional 52,177 shares during the last quarter. SG Americas Securities LLC increased its position in RPM International by 193.7% in the 1st quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock valued at $3,838,000 after acquiring an additional 21,282 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in shares of RPM International during the first quarter valued at $1,882,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

RPM has been the topic of several analyst reports. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Tuesday, July 16th. Mizuho lowered their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, UBS Group reduced their price objective on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $120.80.

RPM International Price Performance

Shares of RPM opened at $119.69 on Wednesday. The firm has a market cap of $15.42 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. RPM International Inc. has a 52-week low of $88.84 and a 52-week high of $121.63. The business’s 50 day moving average price is $110.88 and its two-hundred day moving average price is $111.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.97.

RPM International (NYSE:RPM) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. RPM International’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. On average, equities analysts anticipate that RPM International Inc. will post 5.49 EPS for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.54%. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

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.