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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position 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 worth $176,034,000 after acquiring an additional 87,540 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of RPM International by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock worth $336,198,000 after buying an additional 79,256 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of RPM International by 39.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company's stock valued at $34,404,000 after purchasing an additional 78,828 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of RPM International during the fourth quarter worth about $9,161,000. Finally, KLP Kapitalforvaltning AS acquired a new position in RPM International in the fourth quarter worth about $5,612,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RPM has been the topic of a number of research reports. Fermium Researc raised shares of RPM International to a "hold" rating in a report on Wednesday, April 9th. Robert W. Baird reduced their price objective on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. BMO Capital Markets decreased their price target on RPM International from $154.00 to $126.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company cut their price objective on RPM International from $140.00 to $116.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, UBS Group lowered their target price 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 investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, RPM International currently has an average rating of "Moderate Buy" and a consensus price target of $122.10.

RPM International Trading Down 0.5%

Shares of NYSE:RPM traded down $0.55 during mid-day trading on Friday, hitting $113.13. The stock had a trading volume of 285,732 shares, compared to its average volume of 678,394. The company's 50 day moving average is $109.42 and its 200-day moving average is $120.52. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company has a market cap of $14.53 billion, a PE ratio of 22.32, 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 analysts' consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.52 EPS. RPM International's revenue for the quarter was down 3.0% on a year-over-year basis. On average, sell-side analysts predict that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued 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 1.80%. RPM International's dividend payout ratio is 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.