United Services Automobile Association Acquires New Shares in RPM International Inc. $RPM

Key Points

• United Services Automobile Association acquired a new stake of 8,307 shares in RPM International Inc. during the first quarter, valued at approximately $948,000.
• RPM International reported earnings per share of $1.72 for the last quarter, surpassing analysts' estimates, alongside a revenue of $2.08 billion.
• The company recently declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 1.6% for shareholders.

United Services Automobile Association bought a new stake in RPM International Inc. (NYSE:RPM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,307 shares of the specialty chemicals company's stock, valued at approximately $948,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GW&K Investment Management LLC grew its holdings in RPM International by 0.3% in the 1st quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company's stock valued at $70,370,000 after buying an additional 2,048 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of RPM International by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company's stock worth $39,143,000 after purchasing an additional 33,016 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of RPM International by 3.5% during the 4th quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock worth $36,617,000 after purchasing an additional 10,185 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of RPM International by 6.3% during the 1st quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company's stock worth $32,204,000 after purchasing an additional 16,549 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of RPM International by 12,321.2% during the 1st quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock worth $31,367,000 after purchasing an additional 268,971 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RPM. Wells Fargo & Company lifted their price objective on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Bank of America raised RPM International from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 14th. Mizuho lifted their price objective on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group boosted their price target on RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley boosted their price target on RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, RPM International has an average rating of "Moderate Buy" and a consensus target price of $131.09.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the sale, the director owned 7,394 shares in the company, valued at $882,547.84. The trade was a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

RPM International Price Performance

RPM stock traded down $1.72 during trading on Friday, hitting $126.51. The company had a trading volume of 336,429 shares, compared to its average volume of 648,685. The company has a market cap of $16.23 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.10 and a beta of 1.04. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. 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 company has a fifty day moving average price of $120.38 and a two-hundred day moving average price of $114.77.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%.The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. Equities research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. RPM International's payout ratio is presently 38.13%.

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.