GAMMA Investing LLC Purchases 268,971 Shares of RPM International Inc. (NYSE:RPM)

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

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in RPM International by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock worth $336,198,000 after purchasing an additional 79,256 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of RPM International by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company's stock worth $176,034,000 after buying an additional 87,540 shares during the period. GW&K Investment Management LLC grew its holdings in shares of RPM International by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company's stock worth $74,607,000 after buying an additional 4,536 shares in the last quarter. Ameriprise Financial Inc. raised its position in RPM International by 4.3% in the 4th quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company's stock valued at $37,577,000 after buying an additional 12,579 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in RPM International by 3.5% in the 4th quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock valued at $36,617,000 after buying an additional 10,185 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Stock Performance

RPM International stock traded up $0.85 during midday trading on Friday, hitting $115.48. The company's stock had a trading volume of 566,490 shares, compared to its average volume of 688,278. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.97 and a beta of 1.06. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79. The company has a 50-day moving average price of $109.27 and a two-hundred day moving average price of $119.42.

RPM International (NYSE:RPM - Get Free Report) last released 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 business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, sell-side analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.77%. RPM International's payout ratio is 40.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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 note on Wednesday, April 9th. Royal Bank of Canada cut their price target on RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a report on Thursday, April 10th. Citigroup began coverage on shares of RPM International in a research report on Monday, June 2nd. They set a "buy" rating and a $135.00 price objective for the company. Wall Street Zen lowered shares of RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Fermium Researc upgraded shares of RPM International to a "hold" rating in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.55.

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.