Baird Financial Group Inc. Increases Position in RPM International Inc. $RPM

Key Points

• Baird Financial Group Inc. increased its stake in RPM International Inc. by 6.3%, owning approximately 278,384 shares valued at $32.20 million as of the end of the most recent quarter.
• Analyst upgrades include Wells Fargo raising its price target on RPM from $131 to $145, and several other firms have also boosted their price targets, reflecting a generally positive outlook on the stock.
• RPM International reported earnings per share of $1.72 for the last quarter, outperforming analysts’ expectations and showing a year-over-year revenue increase of 3.7%.

Baird Financial Group Inc. raised its stake in shares of RPM International Inc. (NYSE:RPM - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,384 shares of the specialty chemicals company's stock after purchasing an additional 16,549 shares during the period. Baird Financial Group Inc. owned 0.22% of RPM International worth $32,204,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RPM. GAMMA Investing LLC lifted its stake in shares of RPM International by 12,321.2% in 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. Fairway Wealth LLC lifted its stake in shares of RPM International by 50,413.3% in the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock valued at $25,536,000 after purchasing an additional 220,306 shares during the period. Achmea Investment Management B.V. lifted its stake in shares of RPM International by 94.7% in the 1st quarter. Achmea Investment Management B.V. now owns 142,187 shares of the specialty chemicals company's stock valued at $16,448,000 after purchasing an additional 69,153 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of RPM International by 10.8% in 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. Finally, California State Teachers Retirement System lifted its stake in shares of RPM International by 3.5% in 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. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $882,547.84. The trade was a 11.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group boosted their price objective on RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Mizuho boosted their price objective on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Bank of America raised RPM International from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada boosted their target price on RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, RPM International has an average rating of "Moderate Buy" and a consensus price target of $131.09.

RPM International Stock Down 0.0%

RPM traded down $0.03 during midday trading on Wednesday, reaching $122.81. 587,030 shares of the company were exchanged, compared to its average volume of 621,133. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. The company's fifty day moving average price is $118.32 and its 200 day moving average price is $114.70. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth 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.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%.The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 EPS. As a group, analysts expect that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 15th. RPM International's payout ratio is currently 38.13%.

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.