RPM International Inc. (NYSE:RPM) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 13.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 22,443 shares of the specialty chemicals company's stock after acquiring an additional 2,605 shares during the quarter. Nisa Investment Advisors LLC's holdings in RPM International were worth $2,596,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC grew its stake in RPM International by 50,413.3% during the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock worth $25,536,000 after buying an additional 220,306 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings 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 valued at $16,448,000 after buying an additional 69,153 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock valued at $106,000 after buying an additional 384 shares during the period. North Point Portfolio Managers Corp OH increased its stake in RPM International by 2.4% in the 1st quarter. North Point Portfolio Managers Corp OH now owns 103,789 shares of the specialty chemicals company's stock valued at $12,006,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Praxis Investment Management Inc. purchased a new position in RPM International in the 1st quarter valued at approximately $338,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

RPM International Stock Down 1.0%

NYSE RPM traded down $1.12 on Friday, hitting $113.18. 846,346 shares of the stock traded hands, compared to its average volume of 701,868. The stock has a 50-day moving average of $112.26 and a 200 day moving average of $115.61. 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 $14.53 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.78.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, July 15th. RPM International's payout ratio is currently 40.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RPM. Fermium Researc raised RPM International to a "hold" rating in a research note on Wednesday, April 9th. UBS Group lifted 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. Robert W. Baird reduced their target price on RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lifted their target price on RPM International from $116.00 to $131.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Citigroup assumed coverage on RPM International in a research report on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price for the company. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, RPM International has a consensus rating of "Moderate Buy" and an average target price of $126.73.

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.