SG Americas Securities LLC Grows Stock Position in RPM International Inc. (NYSE:RPM)

SG Americas Securities LLC grew its position in RPM International Inc. (NYSE:RPM - Free Report) by 355.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,106 shares of the specialty chemicals company's stock after purchasing an additional 3,985 shares during the period. SG Americas Securities LLC's holdings in RPM International were worth $591,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock valued at $271,000 after purchasing an additional 161 shares during the period. Farther Finance Advisors LLC increased its holdings 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 valued at $89,000 after purchasing an additional 344 shares during the period. NBC Securities Inc. increased its holdings in shares of RPM International by 145,300.0% in the first quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company's stock valued at $336,000 after purchasing an additional 2,906 shares during the period. Fiduciary Alliance LLC increased its holdings in shares of RPM International by 1.3% in the first quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock valued at $1,060,000 after purchasing an additional 116 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of RPM International by 3.5% in the fourth quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock valued at $36,617,000 after purchasing an additional 10,185 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Price Performance

RPM traded down $0.11 during trading on Friday, hitting $106.91. The company's stock had a trading volume of 1,201,089 shares, compared to its average volume of 688,665. 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 twelve month low of $95.28 and a twelve month high of $141.79. The business's fifty day simple moving average is $110.25 and its 200 day simple moving average is $117.45. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.81 and a beta of 1.06.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). RPM International had a net margin of 8.82% and a return on equity of 25.08%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $0.52 earnings per share. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, April 17th. RPM International's payout ratio is currently 40.88%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered RPM International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Robert W. Baird dropped 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. Fermium Researc raised RPM International to a "hold" rating in a report on Wednesday, April 9th. BMO Capital Markets raised their target price on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, UBS Group dropped their target price on RPM International from $113.00 to $110.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $124.55.

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.