RPM International Inc. (NYSE:RPM) Stock Holdings Lifted by Fairway Wealth LLC

Fairway Wealth LLC raised its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 50,413.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,743 shares of the specialty chemicals company's stock after purchasing an additional 220,306 shares during the period. RPM International accounts for approximately 7.8% of Fairway Wealth LLC's investment portfolio, making the stock its 2nd biggest holding. Fairway Wealth LLC owned about 0.17% of RPM International worth $25,536,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RPM. Farther Finance Advisors LLC increased its position in shares of RPM International by 82.1% in the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after acquiring an additional 344 shares during the period. SG Americas Securities LLC increased its position in shares of RPM International by 355.5% in the 1st quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company's stock valued at $591,000 after acquiring an additional 3,985 shares during the period. GAMMA Investing LLC increased its position in shares of RPM International by 7.4% in the 1st quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock valued at $271,000 after acquiring an additional 161 shares during the period. Jones Financial Companies Lllp increased its position in shares of RPM International by 302.8% in the 4th quarter. Jones Financial Companies Lllp now owns 4,507 shares of the specialty chemicals company's stock valued at $555,000 after acquiring an additional 3,388 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of RPM International in the 4th quarter valued at $9,161,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Price Performance

Shares of RPM stock traded up $0.13 during mid-day trading on Thursday, hitting $114.27. 647,488 shares of the stock were exchanged, compared to its average volume of 699,900. The firm has a fifty day moving average of $112.08 and a 200 day moving average of $115.85. The company has a quick ratio of 1.38, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. RPM International Inc. has a 52-week low of $95.28 and a 52-week high of $141.79. The company has a market cap of $14.67 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.96 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. RPM International had a net margin of 8.82% and a return on equity of 25.08%. The company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. Research analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, July 15th. RPM International's dividend payout ratio is presently 40.88%.

Wall Street Analyst Weigh In

RPM has been the topic of several research reports. UBS Group upped their target price on RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Wednesday. Citigroup initiated coverage on shares of RPM International in a report on Monday, June 2nd. They issued a "buy" rating and a $135.00 price target on the stock. Robert W. Baird lowered their price target on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Royal Bank Of Canada lowered their price target on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a report on Thursday, April 10th. Finally, BMO Capital Markets upped 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, June 6th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.73.

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.