Strive Asset Management LLC Purchases Shares of 5,571 RPM International Inc. (NYSE:RPM)

Strive Asset Management LLC bought a new position in shares of RPM International Inc. (NYSE:RPM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,571 shares of the specialty chemicals company's stock, valued at approximately $686,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RPM. EverSource Wealth Advisors LLC boosted its position in shares of RPM International by 55.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 84 shares in the last quarter. Crews Bank & Trust acquired a new position in RPM International during the fourth quarter worth about $37,000. Farther Finance Advisors LLC lifted its holdings 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 purchasing an additional 155 shares in the last quarter. Fairway Wealth LLC grew its position 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 purchasing an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of RPM International by 148.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 320 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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 research note on Wednesday, April 9th. Morgan Stanley cut their price target on RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. UBS Group decreased their price objective on RPM International from $113.00 to $110.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets reduced their target price on shares of RPM International from $154.00 to $126.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, RPM International currently has a consensus rating of "Moderate Buy" and an average price target of $122.10.

RPM International Trading Down 1.0%

Shares of RPM stock traded down $1.16 during trading hours on Friday, hitting $111.33. 194,338 shares of the company were exchanged, compared to its average volume of 723,404. The firm has a fifty day moving average of $109.62 and a 200 day moving average of $121.23. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $141.79. The firm has a market cap of $14.30 billion, a PE ratio of 22.00, a PEG ratio of 1.97 and a beta of 1.08.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. Analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, April 17th. RPM International's payout ratio is currently 40.88%.

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.