RPM International Inc. (NYSE:RPM) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,194 shares of the specialty chemicals company's stock after selling 2,251 shares during the quarter. Amalgamated Bank's holdings in RPM International were worth $6,963,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 84 shares during the period. Farther Finance Advisors LLC grew its stake in shares of RPM International by 58.7% in the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after buying an additional 155 shares in the last quarter. Fairway Wealth LLC grew its stake in shares of RPM International by 829.8% in the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 390 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 320 shares during the period. Finally, Curio Wealth LLC acquired a new position in RPM International during the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Stock Up 0.2%

Shares of RPM stock traded up $0.24 during trading hours on Thursday, hitting $113.36. 375,579 shares of the company were exchanged, compared to its average volume of 698,219. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.97 and a beta of 1.03. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79. The business's 50-day simple moving average is $111.50 and its two-hundred day simple moving average is $116.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.38 and a current ratio of 2.22.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 25.08% and a net margin of 8.82%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $0.52 EPS. The company's quarterly revenue was down 3.0% on a year-over-year basis. Sell-side analysts predict that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.80%. RPM International's dividend payout ratio (DPR) is 40.88%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Citigroup started coverage on shares of RPM International in a research note on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price for the company. Wells Fargo & Company lifted their price target on shares of RPM International from $116.00 to $131.00 and gave the stock an "overweight" rating in a research note on Tuesday. Morgan Stanley decreased their price objective on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Fermium Researc raised RPM International to a "hold" rating in a research report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, RPM International currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.91.

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.