Cary Street Partners Financial LLC Buys New Stake in RPM International Inc. (NYSE:RPM)

Cary Street Partners Financial LLC acquired a new stake in RPM International Inc. (NYSE:RPM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,536 shares of the specialty chemicals company's stock, valued at approximately $312,000.

Several other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 84 shares in the last quarter. Crews Bank & Trust acquired a new stake in RPM International in the fourth quarter valued at $37,000. Farther Finance Advisors LLC raised its stake in 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. Fairway Wealth LLC raised its stake in RPM International by 829.8% in the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 390 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in RPM International by 148.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 320 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on RPM. Wells Fargo & Company dropped their price objective on RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets dropped their price objective on RPM International from $154.00 to $126.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada lowered their price target on RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a report on Thursday, April 10th. Fermium Researc raised RPM International to a "hold" rating in a report on Wednesday, April 9th. Finally, Morgan Stanley lowered their price target on RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Seven investment 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 data from MarketBeat, RPM International has an average rating of "Moderate Buy" and a consensus target price of $122.10.

RPM International Stock Performance

RPM traded down $2.23 during trading on Wednesday, reaching $112.19. The company's stock had a trading volume of 735,961 shares, compared to its average volume of 671,433. RPM International Inc. has a 52-week low of $95.28 and a 52-week high of $141.79. The company's fifty day moving average price is $110.14 and its 200-day moving average price is $121.86. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08. 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 (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the firm posted $0.52 EPS. RPM International's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders 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 1.82%. The ex-dividend date was Thursday, April 17th. RPM International's dividend payout ratio is presently 40.88%.

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.