Bradley Foster & Sargent Inc. CT Boosts Stake in RPM International Inc. (NYSE:RPM)

Bradley Foster & Sargent Inc. CT boosted its stake in shares of RPM International Inc. (NYSE:RPM) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,434 shares of the specialty chemicals company’s stock after purchasing an additional 132 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in RPM International were worth $423,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake in shares of RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares during the period. Crews Bank & Trust purchased a new stake in RPM International in the 4th quarter worth approximately $37,000. Eastern Bank bought a new stake in RPM International during the 3rd quarter worth approximately $41,000. UMB Bank n.a. lifted its holdings in RPM International by 84.0% during the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock valued at $81,000 after purchasing an additional 300 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its position in shares of RPM International by 37.8% in the third quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 501 shares during the period. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RPM shares. UBS Group raised their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Mizuho decreased their price target on 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 raised RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Evercore ISI raised RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. Five 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 company’s stock. Based on data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Down 1.6 %

Shares of RPM opened at $121.13 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. RPM International Inc. has a 1 year low of $103.68 and a 1 year high of $141.79. The business’s 50 day simple moving average is $124.40 and its 200-day simple moving average is $125.92.

RPM International (NYSE:RPM) last released its quarterly 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. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm earned $1.22 earnings per share. RPM International’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts expect that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.68%. 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.