MetLife Investment Management LLC Boosts Stock Holdings in RPM International Inc. (NYSE:RPM)

MetLife Investment Management LLC lifted its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,788 shares of the specialty chemicals company's stock after purchasing an additional 5,942 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of RPM International worth $9,080,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in RPM. EverSource Wealth Advisors LLC increased its stake in shares of RPM International by 55.3% during the fourth 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 during the period. Crews Bank & Trust purchased a new position in RPM International in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC increased its stake in 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 during the last quarter. Fairway Wealth LLC increased its stake in 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 increased its stake in 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 hedge funds and other institutional investors.

RPM International Price Performance

Shares of RPM stock traded down $1.06 during trading hours on Friday, hitting $104.49. The company's stock had a trading volume of 356,719 shares, compared to its average volume of 659,366. The business has a fifty day moving average of $113.30 and a 200-day moving average of $123.67. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.97 and a beta of 1.06. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $141.79. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74.

RPM International (NYSE:RPM - Get Free Report) last released 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 business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, equities research analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International's payout ratio is 40.88%.

Analyst Upgrades and Downgrades

RPM has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on shares of RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Fermium Researc upgraded shares of RPM International to a "hold" rating in a research report on Wednesday, April 9th. Robert W. Baird lowered 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. Royal Bank of Canada decreased their price target on RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a report on Thursday, April 10th. Finally, BMO Capital Markets decreased their price target on RPM International from $154.00 to $126.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RPM International currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.10.

About RPM International

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.