RPM International Inc. $RPM Position Increased by Baird Financial Group Inc.

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RPM. GAMMA Investing LLC increased its stake in RPM International by 12,321.2% during the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock worth $31,367,000 after acquiring an additional 268,971 shares during the last quarter. Fairway Wealth LLC increased its stake in RPM International by 50,413.3% during the first quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock worth $25,536,000 after acquiring an additional 220,306 shares during the last quarter. Achmea Investment Management B.V. increased its stake in RPM International by 94.7% during 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 acquiring an additional 69,153 shares during the last quarter. Ameriprise Financial Inc. increased its stake in RPM International by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company's stock worth $39,143,000 after acquiring an additional 33,016 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in RPM International by 3.5% during the fourth quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock worth $36,617,000 after acquiring an additional 10,185 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Stock Up 1.1%

RPM traded up $1.43 on Friday, reaching $126.54. The company's stock had a trading volume of 801,196 shares, compared to its average volume of 590,977. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.08 and a beta of 1.04. RPM International Inc. has a 1 year low of $95.28 and a 1 year 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. The business's 50 day moving average is $118.95 and its 200 day moving average is $114.72.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly 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 firm 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%.RPM International's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 earnings per share. As a group, research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced 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 1.6%. The ex-dividend date of this dividend was Tuesday, July 15th. RPM International's dividend payout ratio (DPR) is currently 38.13%.

Insider Buying and Selling

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 stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the transaction, the director owned 7,394 shares of the company's stock, valued at $882,547.84. This trade represents a 11.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RPM shares. Bank of America upgraded RPM International from an "underperform" rating to a "neutral" rating and increased their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 14th. Mizuho increased their target price on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their target price on RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Citigroup started coverage on RPM International in a research note on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price for the company. Finally, Royal Bank Of Canada increased their target price on RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research note on Monday, July 28th. One research 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.09.

About RPM International

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.