Vaughan David Investments LLC IL Has $4.57 Million Holdings in RPM International Inc. (NYSE:RPM)

Vaughan David Investments LLC IL decreased its position in RPM International Inc. (NYSE:RPM) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,160 shares of the specialty chemicals company’s stock after selling 550 shares during the quarter. Vaughan David Investments LLC IL’s holdings in RPM International were worth $4,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RPM. Bank of New York Mellon Corp raised its position in shares of RPM International by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after acquiring an additional 87,540 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in RPM International by 4.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock worth $423,000 after purchasing an additional 132 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of RPM International by 7.9% during the fourth quarter. Handelsbanken Fonder AB now owns 34,132 shares of the specialty chemicals company’s stock worth $4,200,000 after buying an additional 2,500 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in RPM International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after acquiring an additional 5,947 shares in the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of RPM International in the 4th quarter worth approximately $505,000. Institutional investors own 80.95% of the company’s stock.

RPM International Trading Down 0.6 %

Shares of RPM opened at $120.48 on Tuesday. The firm has a 50-day moving average price of $124.15 and a 200 day moving average price of $126.05. RPM International Inc. has a 12-month low of $103.68 and a 12-month high of $141.79. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $15.49 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.97 and a beta of 1.01.

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, topping analysts’ consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. Sell-side analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

Wall Street Analyst Weigh In

A number of analysts have commented on RPM shares. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Mizuho lowered their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. UBS Group raised their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their price objective on 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 equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus target price of $132.00.

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.