Praxis Investment Management Inc. Buys Shares of 2,920 RPM International Inc. (NYSE:RPM)

Praxis Investment Management Inc. bought a new position in RPM International Inc. (NYSE:RPM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,920 shares of the specialty chemicals company's stock, valued at approximately $338,000.

A number of other large investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position 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 acquiring an additional 79,256 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $176,034,000 after purchasing an additional 87,540 shares during the period. GW&K Investment Management LLC lifted its position 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 purchasing an additional 4,536 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of RPM International by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company's stock valued at $37,577,000 after purchasing an additional 12,579 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of RPM International by 3.5% in the fourth quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock valued at $36,617,000 after purchasing an additional 10,185 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Stock Up 0.4%

NYSE RPM traded up $0.47 on Thursday, hitting $109.47. 879,550 shares of the stock traded hands, compared to its average volume of 693,312. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $110.66 and a 200 day moving average of $116.98. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $141.79. The company has a market capitalization of $14.06 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.87 and a beta of 1.06.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results 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). 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 for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The business's revenue was down 3.0% on a year-over-year basis. As a group, analysts expect that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a $0.51 dividend. 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 1.86%. RPM International's payout ratio is currently 40.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RPM shares. Robert W. Baird dropped 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. Wells Fargo & Company dropped their target price on RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley cut their price target on 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. Citigroup started coverage on RPM International in a report on Monday, June 2nd. They issued a "buy" rating and a $135.00 price target for the company. Finally, 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 report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.