Dorsey Wright & Associates Boosts Position in RPM International Inc. (NYSE:RPM)

Dorsey Wright & Associates increased its stake in RPM International Inc. (NYSE:RPM - Free Report) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,683 shares of the specialty chemicals company's stock after acquiring an additional 2,396 shares during the quarter. Dorsey Wright & Associates' holdings in RPM International were worth $3,434,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in RPM International by 12,321.2% in the first 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 during the period. Fairway Wealth LLC lifted its holdings 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 purchasing an additional 220,306 shares in the last quarter. Geode Capital Management LLC boosted its stake in RPM International by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock worth $336,198,000 after purchasing an additional 79,256 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in RPM International by 39.3% during 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 buying an additional 78,828 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in RPM International during the 4th quarter valued at about $9,161,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada cut their price target on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a report on Thursday, April 10th. BMO Capital Markets upped their price target on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Wells Fargo & Company lifted their price objective on RPM International from $116.00 to $131.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley decreased their target price on RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, RPM International has an average rating of "Moderate Buy" and a consensus target price of $126.80.

RPM International Trading Up 8.4%

Shares of RPM traded up $9.51 during mid-day trading on Thursday, reaching $122.46. The company's stock had a trading volume of 2,196,878 shares, compared to its average volume of 743,567. 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 Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. The company's fifty day moving average price is $112.44 and its two-hundred day moving average price is $115.04. The stock has a market cap of $15.73 billion, a PE ratio of 24.54, a P/E/G ratio of 2.98 and a beta of 1.03.

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 (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.12. RPM International had a return on equity of 25.08% and a net margin of 8.82%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company earned $1.56 EPS. RPM International's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.67%. RPM International's dividend payout ratio is currently 40.88%.

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.