Fairway Wealth LLC Purchases 220,306 Shares of RPM International Inc. (NYSE:RPM)

Fairway Wealth LLC lifted its stake in RPM International Inc. (NYSE:RPM - Free Report) by 50,413.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,743 shares of the specialty chemicals company's stock after purchasing an additional 220,306 shares during the period. RPM International comprises about 7.8% of Fairway Wealth LLC's investment portfolio, making the stock its 2nd largest position. Fairway Wealth LLC owned 0.17% of RPM International worth $25,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in RPM International by 55.3% during the 4th 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 in the last quarter. Farther Finance Advisors LLC grew its holdings in 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 acquiring an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock worth $66,000 after acquiring an additional 320 shares in the last quarter. Curio Wealth LLC bought a new position in RPM International during the 4th quarter worth about $81,000. Finally, Rebalance LLC bought a new position in RPM International during the 4th quarter worth about $246,000. 80.95% of the stock is currently owned by institutional investors.

RPM International Stock Performance

Shares of RPM International stock traded down $2.33 during midday trading on Monday, hitting $111.03. The company had a trading volume of 508,712 shares, compared to its average volume of 698,140. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.98 and a beta of 1.03. The company has a quick ratio of 1.38, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $111.67 and a 200 day simple moving average of $115.98. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly 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 analysts' expectations of $1.51 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The business's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, July 15th. RPM International's dividend payout ratio is presently 40.88%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of RPM International from $116.00 to $131.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada decreased their price target on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a research report on Thursday, April 10th. Citigroup assumed coverage on shares of RPM International in a research report on Monday, June 2nd. They set a "buy" rating and a $135.00 price target for the company. UBS Group decreased their price target on shares of RPM International from $113.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Robert W. Baird decreased 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 report on Wednesday, April 9th. Seven investment 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $125.91.

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.