Transcend Capital Advisors LLC Lowers Holdings in RPM International Inc. (NYSE:RPM)

Transcend Capital Advisors LLC reduced its position in shares of RPM International Inc. (NYSE:RPM) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,879 shares of the specialty chemicals company’s stock after selling 1,400 shares during the quarter. Transcend Capital Advisors LLC’s holdings in RPM International were worth $231,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its stake in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of RPM International during the 4th quarter worth about $37,000. Eastern Bank purchased a new stake in shares of RPM International during the 3rd quarter worth about $41,000. UMB Bank n.a. boosted its stake in shares of RPM International by 84.0% during the 4th quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock worth $81,000 after acquiring an additional 300 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of RPM International by 37.8% during the 3rd quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock worth $221,000 after acquiring an additional 501 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RPM shares. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Mizuho reduced their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group upped their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Down 1.6 %

RPM stock opened at $121.13 on Monday. The company has a market cap of $15.57 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.97 and a beta of 1.01. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 12 month low of $103.68 and a 12 month high of $141.79. The firm has a 50-day moving average of $124.40 and a two-hundred day moving average of $126.01.

RPM International (NYSE:RPM) last released its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 8.89% and a return on equity of 26.76%. RPM International’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. As a group, analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.68%. RPM International’s dividend payout ratio is currently 40.32%.

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.