RPM International Inc. (NYSE:RPM) Shares Purchased by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners Financial LLC increased its stake in RPM International Inc. by 136.6% during the first quarter, now holding 6,001 shares valued at approximately $694,000.
• RPM International received target price increases from multiple analysts, with Mizuho raising its target from $126.00 to $140.00 and BMO Capital Markets moving their target from $140.00 to $152.00.
• The company recently announced a quarterly dividend of $0.51 per share, representing an annualized payout of $2.04 with a yield of 1.7%.

Cary Street Partners Financial LLC raised its stake in shares of RPM International Inc. (NYSE:RPM - Free Report) by 136.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in shares of RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock worth $89,000 after acquiring an additional 344 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in RPM International by 71.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock worth $106,000 after buying an additional 384 shares in the last quarter. Archer Investment Corp boosted its holdings in RPM International by 21.2% during the first quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company's stock worth $133,000 after buying an additional 201 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in RPM International by 129.5% during the first quarter. Lindbrook Capital LLC now owns 1,565 shares of the specialty chemicals company's stock worth $181,000 after buying an additional 883 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in RPM International during the first quarter worth $238,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the transaction, the director directly owned 7,394 shares of the company's stock, valued at approximately $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on RPM shares. Morgan Stanley increased their price target on shares of RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company increased their price target on shares of RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. BMO Capital Markets increased their price target on shares of RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group increased their price objective on shares of RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada increased their price objective on shares of RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a report on Monday, July 28th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.40.

RPM International Price Performance

RPM traded up $2.78 during midday trading on Wednesday, hitting $124.61. 135,458 shares of the company traded hands, compared to its average volume of 770,655. The business has a 50 day simple moving average of $113.97 and a two-hundred day simple moving average of $114.52. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.49 and a beta of 1.03. RPM International Inc. has a 52-week low of $95.28 and a 52-week high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.12. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.56 earnings per share. On average, equities analysts forecast 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 Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 15th. RPM International's dividend payout ratio (DPR) is currently 38.13%.

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.