Amundi Buys 3,788 Shares of RPM International Inc. $RPM

Amundi increased its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,954 shares of the specialty chemicals company's stock after purchasing an additional 3,788 shares during the quarter. Amundi owned 0.13% of RPM International worth $19,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GW&K Investment Management LLC raised its holdings in shares of RPM International by 0.3% in the 1st quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company's stock worth $70,370,000 after purchasing an additional 2,048 shares in the last quarter. Ameriprise Financial Inc. raised its stake in RPM International by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company's stock valued at $39,143,000 after purchasing an additional 33,016 shares during the period. California State Teachers Retirement System raised its stake in RPM International by 3.5% during the 4th quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock valued at $36,617,000 after purchasing an additional 10,185 shares during the period. Baird Financial Group Inc. raised its stake in RPM International by 6.3% during the 1st quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company's stock valued at $32,204,000 after purchasing an additional 16,549 shares during the period. Finally, GAMMA Investing LLC raised its stake in RPM International by 12,321.2% during the 1st quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock valued at $31,367,000 after purchasing an additional 268,971 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on RPM. UBS Group boosted their target price on shares of RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. BMO Capital Markets boosted their target price on shares of RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Mizuho upped their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research note on Monday, July 28th. Finally, Bank of America upgraded shares of RPM International from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 14th. One investment 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. According to MarketBeat, RPM International presently has an average rating of "Moderate Buy" and a consensus target price of $131.09.

RPM International Stock Down 1.1%

NYSE:RPM traded down $1.42 during trading hours on Friday, reaching $126.81. The company's stock had a trading volume of 113,440 shares, compared to its average volume of 757,796. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.07 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 business's 50-day moving average is $120.12 and its 200-day moving average is $114.85. 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 (NYSE:RPM - Get Free Report) last posted its 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. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business posted $1.56 EPS. RPM International's revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

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

Insider Activity

In other news, Director Frederick R. Nance sold 1,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the transaction, the director owned 7,394 shares of the company's stock, valued at approximately $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

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.