Tributary Capital Management LLC Boosts Holdings in RPM International Inc. (NYSE:RPM)

Tributary Capital Management LLC grew its position in shares of RPM International Inc. (NYSE:RPM) by 34.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,368 shares of the specialty chemicals company’s stock after buying an additional 2,404 shares during the quarter. Tributary Capital Management LLC’s holdings in RPM International were worth $1,153,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its stake in shares of RPM International by 61.7% during the third 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 during the period. Christopher J. Hasenberg Inc purchased a new stake in RPM International in the 3rd quarter valued at approximately $35,000. Eastern Bank acquired a new position in RPM International during the 3rd quarter worth approximately $41,000. UMB Bank n.a. raised its stake in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 281 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of RPM International in the 2nd quarter valued at approximately $71,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the sale, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

RPM has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. UBS Group increased their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Trading Down 0.4 %

Shares of RPM International stock opened at $126.38 on Friday. The business has a 50 day moving average price of $129.63 and a 200 day moving average price of $124.52. The company has a market capitalization of $16.25 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. RPM International Inc. has a 1 year low of $103.63 and a 1 year high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. Sell-side analysts anticipate that RPM International Inc. will post 5.51 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.61%. RPM International’s dividend payout ratio is currently 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.