Ameriprise Financial Inc. Acquires 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. raised its position in RPM International Inc. (NYSE:RPM - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,370 shares of the specialty chemicals company's stock after purchasing 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.

Several other large investors also recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of RPM International by 39.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company's stock worth $34,404,000 after acquiring an additional 78,828 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in RPM International by 14.4% during the fourth quarter. BNP Paribas Financial Markets now owns 59,112 shares of the specialty chemicals company's stock worth $7,274,000 after purchasing an additional 7,451 shares during the last quarter. Baird Financial Group Inc. lifted its stake in RPM International by 0.5% during the fourth quarter. Baird Financial Group Inc. now owns 261,835 shares of the specialty chemicals company's stock worth $32,221,000 after purchasing an additional 1,416 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in RPM International during the fourth quarter worth about $312,000. Finally, Strive Asset Management LLC bought a new stake in RPM International during the fourth quarter worth about $686,000. Institutional investors own 80.95% of the company's stock.

RPM International Trading Down 0.0%

RPM traded down $0.03 during midday trading on Wednesday, reaching $122.81. 587,030 shares of the company's stock traded hands, compared to its average volume of 621,133. The firm has a fifty day moving average of $118.32 and a two-hundred day moving average of $114.70. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.86 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.16 and a quick ratio of 1.45. 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 announced its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.12. The company 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 firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 earnings per share. On average, equities analysts anticipate 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 Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.51 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $2.04 annualized dividend and a yield of 1.7%. RPM International's dividend payout ratio is 38.13%.

Analysts Set New Price Targets

RPM has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group boosted their price objective on shares of RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Bank of America raised shares of RPM International from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 14th. Mizuho boosted their price target on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Morgan Stanley boosted their price target on shares of RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned 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 target price of $131.09.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares of the company's stock, valued at $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by insiders.

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.