North Point Portfolio Managers Corp OH Purchases 2,427 Shares of RPM International Inc. (NYSE:RPM)

North Point Portfolio Managers Corp OH increased its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,789 shares of the specialty chemicals company's stock after purchasing an additional 2,427 shares during the period. RPM International accounts for about 2.1% of North Point Portfolio Managers Corp OH's holdings, making the stock its 26th biggest holding. North Point Portfolio Managers Corp OH owned approximately 0.08% of RPM International worth $12,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RPM. Praxis Investment Management Inc. acquired a new stake in shares of RPM International in the 1st quarter valued at about $338,000. Janney Montgomery Scott LLC grew its position in shares of RPM International by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 98,108 shares of the specialty chemicals company's stock valued at $11,349,000 after buying an additional 1,416 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of RPM International during the 1st quarter valued at about $238,000. SG Americas Securities LLC grew its position in shares of RPM International by 355.5% during the 1st quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company's stock valued at $591,000 after buying an additional 3,985 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $271,000 after buying an additional 161 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Price Performance

Shares of RPM International stock traded down $1.20 during trading on Wednesday, hitting $109.02. 977,828 shares of the company's stock traded hands, compared to its average volume of 693,175. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.38. The firm's fifty day moving average price is $110.53 and its 200 day moving average price is $117.15. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $141.79. The company has a market cap of $14.00 billion, a PE ratio of 21.85, a PEG ratio of 2.90 and a beta of 1.06.

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

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, April 17th. RPM International's dividend payout ratio (DPR) is 40.88%.

Analyst Ratings Changes

RPM has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective 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. Citigroup began coverage on shares of RPM International in a research note on Monday, June 2nd. They set a "buy" rating and a $135.00 target price for the company. UBS Group cut their price target on shares of RPM International from $113.00 to $110.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada cut 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, Wells Fargo & Company cut their price target on shares of RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $124.55.

About RPM International

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.