Mediolanum International Funds Ltd Has $5.91 Million Stock Position in RPM International Inc. (NYSE:RPM)

Key Points

• Mediolanum International Funds Ltd has reduced its stake in RPM International Inc. by 5.5%, owning 51,822 shares valued at approximately $5.91 million.
• Despite this reduction, several other hedge funds have significantly increased their stakes in RPM, with GAMMA Investing LLC boosting its position by over 12,321% and Fairway Wealth LLC by over 50,413%.
• RPM International's recent earnings report showed an EPS of $1.72, surpassing the expected $1.60, with a revenue of $2.08 billion for the quarter.

Mediolanum International Funds Ltd lowered its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 5.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,822 shares of the specialty chemicals company's stock after selling 3,016 shares during the period. Mediolanum International Funds Ltd's holdings in RPM International were worth $5,914,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RPM. GAMMA Investing LLC increased its position in shares of 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 in the last quarter. Fairway Wealth LLC increased its position in shares of RPM International by 50,413.3% in the first 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. Geode Capital Management LLC increased its position in shares of RPM International by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock worth $336,198,000 after acquiring an additional 79,256 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of RPM International by 39.3% in the fourth 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. Finally, Achmea Investment Management B.V. increased its position in shares of RPM International by 94.7% in the first 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. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Stock Down 0.7%

NYSE RPM traded down $0.84 during trading on Thursday, reaching $117.92. The company's stock had a trading volume of 267,703 shares, compared to its average volume of 774,617. 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 stock has a market capitalization of $15.14 billion, a PE ratio of 22.06, a PEG ratio of 1.49 and a beta of 1.03. The business has a 50-day moving average price of $112.92 and a 200-day moving average price of $115.02. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.12. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations 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 was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 earnings per share. On average, research analysts forecast that RPM International Inc. will post 5.5 earnings per share 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 paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, July 15th. RPM International's dividend payout ratio (DPR) is presently 38.13%.

Analyst Ratings Changes

Several research firms have recently weighed in on RPM. Robert W. Baird dropped their target price on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their target price on shares of RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Citigroup initiated coverage on shares of RPM International in a report on Monday, June 2nd. They set a "buy" rating and a $135.00 price target for the company. Royal Bank Of Canada raised their price target on shares of RPM International from $115.00 to $125.00 and gave the stock a "sector perform" rating in a report on Monday. Finally, Morgan Stanley raised 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. Seven investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.40.

RPM International 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.