Bank of New York Mellon Corp Has $160.62 Million Stake in RPM International Inc. (NYSE:RPM)

Bank of New York Mellon Corp decreased its stake in RPM International Inc. (NYSE:RPM - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,501 shares of the specialty chemicals company's stock after selling 41,971 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.08% of RPM International worth $160,622,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 84 shares during the period. Fiduciary Alliance LLC increased its position in shares of RPM International by 1.3% during the 1st quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock worth $1,060,000 after purchasing an additional 116 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC increased its position in shares of RPM International by 7.4% during the 1st quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock worth $271,000 after purchasing an additional 161 shares during the last quarter. Finally, TIAA Trust National Association increased its position in shares of RPM International by 6.6% during the 4th quarter. TIAA Trust National Association now owns 3,827 shares of the specialty chemicals company's stock worth $471,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

RPM has been the topic of several recent analyst reports. Royal Bank Of Canada lowered their price target on RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird cut their price target on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Citigroup initiated coverage on RPM International in a research report on Monday, June 2nd. They set a "buy" rating and a $135.00 price target on the stock. UBS Group boosted their price target on RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Fermium Researc raised RPM International to a "hold" rating in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.73.

RPM International Stock Performance

NYSE:RPM traded down $1.12 during mid-day trading on Friday, hitting $113.18. 846,346 shares of the stock were exchanged, compared to its average volume of 700,881. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.03. The firm's 50-day simple moving average is $112.26 and its 200 day simple moving average is $115.68. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.38 and a current ratio of 2.22. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last announced its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 25.08% and a net margin of 8.82%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts anticipate that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $2.04 annualized dividend and a yield of 1.80%. RPM International's dividend payout ratio is presently 40.88%.

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.