Ameriprise Financial Inc. Grows Stock Position in RPM International Inc. (NYSE:RPM)

Ameriprise Financial Inc. grew its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,354 shares of the specialty chemicals company's stock after purchasing an additional 12,579 shares during the period. Ameriprise Financial Inc. owned about 0.24% of RPM International worth $37,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 worth $29,000 after purchasing an additional 84 shares during the period. Crews Bank & Trust acquired a new position in shares of RPM International during the fourth quarter worth $37,000. Farther Finance Advisors LLC increased its position in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after acquiring an additional 155 shares in the last quarter. Fairway Wealth LLC grew its position in RPM International by 829.8% in the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 390 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in RPM International by 148.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock worth $66,000 after purchasing an additional 320 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RPM shares. StockNews.com cut shares of RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley reduced their target price on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. UBS Group dropped their target price on shares of RPM International from $113.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets lowered their price target on shares of RPM International from $154.00 to $126.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Fermium Researc raised shares of RPM International to a "hold" rating in a report on Wednesday, April 9th. Seven 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.10.

RPM International Price Performance

RPM stock traded up $1.72 during midday trading on Friday, reaching $116.11. The stock had a trading volume of 657,800 shares, compared to its average volume of 672,245. The company's fifty day simple moving average is $109.78 and its 200 day simple moving average is $121.52. 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 company has a market cap of $14.91 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08. RPM International Inc. has a 52-week low of $95.28 and a 52-week high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.15). The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, sell-side analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Thursday, April 17th. RPM International's dividend payout ratio (DPR) is 40.88%.

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.