iA Global Asset Management Inc. Trims Stake in RPM International Inc. (NYSE:RPM)

iA Global Asset Management Inc. reduced its stake in shares of RPM International Inc. (NYSE:RPM) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,730 shares of the specialty chemicals company’s stock after selling 96 shares during the quarter. iA Global Asset Management Inc.’s holdings in RPM International were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 84 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of RPM International by 4.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock valued at $423,000 after buying an additional 132 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of RPM International by 58.7% in the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 155 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of RPM International by 7.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock valued at $377,000 after buying an additional 216 shares in the last quarter. Finally, Plato Investment Management Ltd increased its position in shares of RPM International by 1.3% in the fourth quarter. Plato Investment Management Ltd now owns 17,547 shares of the specialty chemicals company’s stock valued at $2,167,000 after buying an additional 228 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RPM. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut 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. Finally, Mizuho dropped their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Performance

NYSE RPM opened at $114.42 on Friday. The stock’s fifty day moving average is $122.46 and its two-hundred day moving average is $126.53. The firm has a market capitalization of $14.71 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. RPM International Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM) last released its quarterly earnings data 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. On average, research analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently declared 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 1.78%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

RPM International 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.