Amundi Increases Position in RPM International Inc. $RPM

Amundi boosted its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,954 shares of the specialty chemicals company's stock after purchasing an additional 3,788 shares during the quarter. Amundi owned about 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 bought and sold shares of RPM. GAMMA Investing LLC grew its holdings in RPM International by 12,321.2% in the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock worth $31,367,000 after purchasing an additional 268,971 shares during the period. Fairway Wealth LLC grew its holdings in RPM International by 50,413.3% in the first quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock worth $25,536,000 after purchasing an additional 220,306 shares during the period. Achmea Investment Management B.V. grew its holdings in RPM International by 94.7% in the first quarter. Achmea Investment Management B.V. now owns 142,187 shares of the specialty chemicals company's stock worth $16,448,000 after purchasing an additional 69,153 shares during the period. Ameriprise Financial Inc. grew its holdings in RPM International by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company's stock worth $39,143,000 after purchasing an additional 33,016 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in RPM International by 6.3% in the first quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company's stock worth $32,204,000 after purchasing an additional 16,549 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

RPM International Stock Performance

RPM International stock traded down $1.72 during midday trading on Friday, reaching $126.51. 336,429 shares of the company traded hands, compared to its average volume of 651,389. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04. The business has a 50 day moving average of $120.38 and a two-hundred day moving average of $114.82. RPM International Inc. has a 12 month low of $95.28 and a 12 month high of $141.79. 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 issued its quarterly earnings data on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.12. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 earnings per share. As a group, research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm 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. The ex-dividend date was Tuesday, July 15th. This represents a $2.04 annualized dividend and a yield of 1.6%. RPM International's dividend payout ratio (DPR) is presently 38.13%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Mizuho increased their price target on shares of RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Wells Fargo & Company increased their price target on shares of RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Morgan Stanley increased their price target on shares of RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup assumed coverage on shares of RPM International in a report on Monday, June 2nd. They set a "buy" rating and a $135.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.09.

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.