Ameriprise Financial Inc. Buys 33,016 Shares of RPM International Inc. $RPM

Key Points

• Ameriprise Financial Inc. has increased its stake in RPM International Inc. by 10.8%, acquiring an additional 33,016 shares, bringing their total to 338,370 shares valued at approximately $39.1 million.
• Numerous institutional investors, including Cary Street Partners and Lindbrook Capital, have also significantly increased their holdings in RPM International, showing growing interest from the investment community.
• RPM International reported better-than-expected earnings with $1.72 EPS for the last quarter, exceeding estimates and signaling revenue growth, bolstered by analysts’ upgrades and positive ratings.

Ameriprise Financial Inc. boosted its stake in RPM International Inc. (NYSE:RPM - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,370 shares of the specialty chemicals company's stock after acquiring an additional 33,016 shares during the period. Ameriprise Financial Inc. owned 0.26% of RPM International worth $39,143,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after acquiring an additional 344 shares in the last quarter. SG Americas Securities LLC boosted its holdings in RPM International by 355.5% in the first quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company's stock valued at $591,000 after acquiring an additional 3,985 shares in the last quarter. GAMMA Investing LLC lifted its position in RPM International by 7.4% during the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock valued at $271,000 after buying an additional 161 shares during the period. NBC Securities Inc. lifted its position in RPM International by 145,300.0% during the first quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company's stock valued at $336,000 after buying an additional 2,906 shares during the period. Finally, Putney Financial Group LLC purchased a new position in shares of RPM International in the 4th quarter worth about $308,000. Institutional investors own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America raised RPM International from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 14th. Wells Fargo & Company lifted their price target on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. BMO Capital Markets lifted their price target on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Citigroup initiated coverage on RPM International in a report on Monday, June 2nd. They issued a "buy" rating and a $135.00 price objective for the company. Finally, UBS Group lifted their price objective on RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.09.

RPM International Stock Performance

Shares of RPM International stock traded down $0.08 during trading hours on Monday, reaching $125.40. 634,553 shares of the stock traded hands, compared to its average volume of 648,893. The company has a 50 day moving average price of $117.47 and a 200 day moving average price of $114.57. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.86 and a beta of 1.04. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79. The company has a quick ratio of 1.45, a current ratio of 2.16 and a debt-to-equity ratio of 0.91.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%.The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. On average, equities research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 15th. RPM International's payout ratio is currently 38.13%.

Insider Activity

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the sale, the director directly owned 7,394 shares in the company, valued at $882,547.84. The trade was a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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.