Cary Street Partners Financial LLC boosted its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 136.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,001 shares of the specialty chemicals company's stock after purchasing an additional 3,465 shares during the quarter. Cary Street Partners Financial LLC's holdings in RPM International were worth $694,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of RPM International by 12,321.2% in the 1st quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock worth $31,367,000 after acquiring an additional 268,971 shares in the last quarter. Fairway Wealth LLC grew its position in shares of RPM International by 50,413.3% in the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock worth $25,536,000 after acquiring an additional 220,306 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position 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 worth $34,404,000 after acquiring an additional 78,828 shares in the last quarter. Achmea Investment Management B.V. grew its position in shares of RPM International by 94.7% in the 1st quarter. Achmea Investment Management B.V. now owns 142,187 shares of the specialty chemicals company's stock worth $16,448,000 after acquiring an additional 69,153 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of RPM International by 4.3% in the 4th quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company's stock worth $37,577,000 after acquiring an additional 12,579 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the sale, the director directly owned 7,394 shares of the company's stock, valued at $882,547.84. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.
RPM International Price Performance
Shares of RPM traded up $2.57 during midday trading on Tuesday, reaching $121.93. The stock had a trading volume of 592,849 shares, compared to its average volume of 774,911. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.16 and a quick ratio of 1.45. The firm's 50 day moving average price is $113.83 and its 200-day moving average price is $114.47. The company has a market capitalization of $15.65 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.49 and a beta of 1.03.
RPM International (NYSE:RPM - Get Free Report) last announced its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%. RPM International's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 earnings per share. On average, analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.
RPM International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. RPM International's payout ratio is 38.13%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on RPM shares. UBS Group boosted their price objective on RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Wells Fargo & Company boosted their price objective on RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada boosted their price objective on RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. Mizuho boosted their price target on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Morgan Stanley boosted their price target on RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.40.
Read Our Latest Research Report on RPM
RPM International Profile
(
Free Report)
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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