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

North Point Portfolio Managers Corp OH grew its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,789 shares of the specialty chemicals company's stock after acquiring an additional 2,427 shares during the quarter. RPM International comprises 2.1% of North Point Portfolio Managers Corp OH's holdings, making the stock its 26th largest holding. North Point Portfolio Managers Corp OH owned 0.08% of RPM International worth $12,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 84 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after acquiring an additional 155 shares in the last quarter. Fairway Wealth LLC increased its holdings in shares of RPM International by 829.8% during the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 390 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of RPM International by 148.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after acquiring an additional 320 shares in the last quarter. Finally, Curio Wealth LLC bought a new stake in shares of RPM International during the fourth quarter valued at approximately $81,000. Institutional investors own 80.95% of the company's stock.

RPM International Price Performance

Shares of NYSE:RPM opened at $106.91 on Friday. The company's 50-day moving average is $110.25 and its 200 day moving average is $117.59. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.38 and a current ratio of 2.22. The company has a market capitalization of $13.73 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 2.81 and a beta of 1.06. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79.

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 return on equity of 25.08% and a net margin of 8.82%. RPM International's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, equities research analysts forecast 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 was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, April 17th. RPM International's dividend payout ratio (DPR) is currently 40.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank Of Canada decreased their price objective 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. Fermium Researc upgraded RPM International to a "hold" rating in a research note on Wednesday, April 9th. UBS Group dropped their price objective on RPM International from $113.00 to $110.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley cut their price objective on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Robert W. Baird cut their price objective 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 equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.55.

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.

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