Putney Financial Group LLC Invests $308,000 in RPM International Inc. (NYSE:RPM)

Putney Financial Group LLC bought a new position in RPM International Inc. (NYSE:RPM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,504 shares of the specialty chemicals company's stock, valued at approximately $308,000.

Other hedge funds have also recently modified their holdings of the company. Strive Asset Management LLC bought a new stake in RPM International in the 4th quarter worth about $686,000. Cary Street Partners Financial LLC bought a new stake in shares of RPM International in the fourth quarter worth approximately $312,000. Baird Financial Group Inc. grew its stake in shares of RPM International by 0.5% in the fourth quarter. Baird Financial Group Inc. now owns 261,835 shares of the specialty chemicals company's stock worth $32,221,000 after acquiring an additional 1,416 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of RPM International by 14.4% during the fourth quarter. BNP Paribas Financial Markets now owns 59,112 shares of the specialty chemicals company's stock valued at $7,274,000 after purchasing an additional 7,451 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in RPM International by 4.3% during 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. Hedge funds and other institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

RPM has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of RPM International from $154.00 to $126.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. UBS Group dropped their price target 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. Wall Street Zen cut RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada dropped their target price on RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird cut their price target on RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.10.

RPM International Stock Performance

RPM traded up $0.34 during midday trading on Thursday, reaching $113.67. The company had a trading volume of 966,182 shares, compared to its average volume of 678,989. The business has a 50-day moving average of $109.48 and a two-hundred day moving average of $120.68. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $141.79. The company has a market cap of $14.60 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.97 and a beta of 1.08.

RPM International (NYSE:RPM - Get Free Report) last released its 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 return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The company's revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.79%. RPM International's payout ratio is 40.88%.

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.