GAMMA Investing LLC Increases Stake in RPM International Inc. (NYSE:RPM)

GAMMA Investing LLC lifted its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 12,321.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 271,154 shares of the specialty chemicals company's stock after acquiring an additional 268,971 shares during the quarter. GAMMA Investing LLC owned approximately 0.21% of RPM International worth $31,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RPM. EverSource Wealth Advisors LLC raised its stake in RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 84 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after buying an additional 155 shares during the last quarter. Fairway Wealth LLC raised its holdings in shares of RPM International by 829.8% in the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 390 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of RPM International by 148.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock worth $66,000 after buying an additional 320 shares during the last quarter. Finally, Curio Wealth LLC purchased a new stake in RPM International in the 4th quarter worth about $81,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RPM has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets lifted their target price on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday. Wall Street Zen downgraded RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley dropped their target price on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, Robert W. Baird cut 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. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $124.55.

RPM International Stock Up 0.7%

NYSE RPM traded up $0.85 during midday trading on Friday, hitting $115.48. 566,490 shares of the company traded hands, compared to its average volume of 687,362. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. The company's 50-day simple moving average is $109.29 and its 200-day simple moving average is $119.78. The company has a market cap of $14.83 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.15). The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. As a group, equities research analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.77%. The ex-dividend date was Thursday, April 17th. RPM International's dividend payout ratio is currently 40.88%.

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.