Praxis Investment Management Inc. Acquires New Holdings in RPM International Inc. (NYSE:RPM)

Praxis Investment Management Inc. purchased a new position in shares of RPM International Inc. (NYSE:RPM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,920 shares of the specialty chemicals company's stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of RPM. EverSource Wealth Advisors LLC increased its stake in RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 84 shares during the period. Farther Finance Advisors LLC increased its stake 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 purchasing an additional 155 shares during the period. Fairway Wealth LLC increased its stake in RPM International by 829.8% during the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 390 shares during the period. Creative Financial Designs Inc. ADV increased its stake in 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 worth $66,000 after purchasing an additional 320 shares during the period. Finally, Curio Wealth LLC purchased a new stake in RPM International during the fourth quarter worth about $81,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RPM. 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 research note on Wednesday, April 9th. Morgan Stanley cut their price target on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Royal Bank Of Canada cut their target price on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 10th. 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 on the stock. Finally, Wells Fargo & Company cut their target price on shares of RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $124.55.

RPM International Stock Performance

Shares of RPM International stock opened at $106.91 on Monday. The firm has a market capitalization of $13.73 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.81 and a beta of 1.06. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. 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 firm's 50 day moving average is $110.25 and its two-hundred day moving average is $117.45.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate 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 net margin of 8.82% and a return on equity of 25.08%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.04 annualized dividend and a yield of 1.91%. RPM International's dividend payout ratio is currently 40.88%.

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.

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