8,307 Shares in RPM International Inc. $RPM Acquired by United Services Automobile Association

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 position in RPM International Inc. (NYSE:RPM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,307 shares of the specialty chemicals company's stock, valued at approximately $948,000.

A number of other institutional investors have also recently modified their holdings of RPM. Ameriprise Financial Inc. lifted its holdings in shares of RPM International by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company's stock valued at $37,577,000 after purchasing an additional 12,579 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of RPM International by 14.4% during the fourth quarter. BNP Paribas Financial Markets now owns 59,112 shares of the specialty chemicals company's stock valued at $7,274,000 after purchasing an additional 7,451 shares in the last quarter. Strive Asset Management LLC bought a new position in shares of RPM International during the fourth quarter valued at $686,000. Putney Financial Group LLC bought a new position in shares of RPM International during the fourth quarter valued at $308,000. Finally, California State Teachers Retirement System lifted its holdings in 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 acquiring an additional 10,185 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of RPM International stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director owned 7,394 shares in the company, valued at approximately $882,547.84. The trade was a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company's stock.

RPM International Trading Down 1.3%

Shares of RPM International stock traded down $1.72 on Friday, reaching $126.51. The company had a trading volume of 336,429 shares, compared to its average volume of 759,115. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.07 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.16 and a quick ratio of 1.45. The firm's 50-day moving average price is $120.12 and its two-hundred day moving average price is $114.85. 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 announced its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, topping 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 return on equity of 24.94% and a net margin of 9.34%.The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 EPS. As a group, research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a $0.51 dividend. 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 38.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on RPM shares. Mizuho increased their target price on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Bank of America raised RPM International from an "underperform" rating to a "neutral" rating and increased their target price for the company from $110.00 to $128.00 in a report on Thursday, August 14th. Morgan Stanley increased their target price on RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. BMO Capital Markets raised their price objective on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada raised their price objective on RPM International from $115.00 to $125.00 and gave the stock a "sector perform" rating in a research note on Monday, July 28th. One research 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.09.

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.