2,000 Shares in RPM International Inc. (NYSE:RPM) Purchased by Rebalance LLC

Rebalance LLC acquired a new stake in shares of RPM International Inc. (NYSE:RPM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,000 shares of the specialty chemicals company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RPM. Amundi boosted its holdings in shares of RPM International by 33.4% in the fourth quarter. Amundi now owns 166,166 shares of the specialty chemicals company’s stock valued at $20,367,000 after acquiring an additional 41,575 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in RPM International in the 4th quarter valued at approximately $264,000. Plato Investment Management Ltd increased its position in RPM International by 1.3% during the 4th quarter. Plato Investment Management Ltd now owns 17,547 shares of the specialty chemicals company’s stock worth $2,167,000 after purchasing an additional 228 shares during the period. Jones Financial Companies Lllp raised its stake in shares of RPM International by 302.8% during the 4th quarter. Jones Financial Companies Lllp now owns 4,507 shares of the specialty chemicals company’s stock worth $555,000 after buying an additional 3,388 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of RPM International in the 4th quarter valued at approximately $592,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RPM shares. Evercore ISI raised RPM International to a “strong-buy” rating in a 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 note on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Mizuho lowered their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. 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. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Performance

NYSE RPM opened at $122.51 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. RPM International Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $141.79. The business has a fifty day moving average of $123.58 and a 200-day moving average of $126.53.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company 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 firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. As a group, analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.67%. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

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.