NYSE:RPM - Free Report ) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 424,991 shares of the specialty chemicals company's stock after selling 41,100 shares during the period. TimesSquare Capital Management LLC owned 0.33% of RPM International worth $47,442,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other hedge funds have also recently added to or reduced their stakes in the business. Jackson Creek Investment Advisors LLC acquired a new position in shares of RPM International during the 4th quarter worth approximately $357,000. Boston Trust Walden Corp lifted its position in shares of RPM International by 2.9% in the fourth quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company's stock valued at $54,553,000 after acquiring an additional 13,860 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of RPM International by 404.3% during the third quarter. Quantbot Technologies LP now owns 19,255 shares of the specialty chemicals company's stock valued at $1,826,000 after acquiring an additional 15,437 shares during the last quarter. Russell Investments Group Ltd. raised its stake in RPM International by 352.0% in the 4th quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company's stock valued at $15,214,000 after purchasing an additional 105,925 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in RPM International in the 3rd quarter valued at about $2,277,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.
RPM International Trading Up 0.0 % RPM traded up $0.02 on Thursday, reaching $112.68. 496,053 shares of the company's stock were exchanged, compared to its average volume of 609,788. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 1.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.39 and a current ratio of 2.29. RPM International Inc. has a twelve month low of $78.52 and a twelve month high of $120.74. The company's 50 day moving average is $113.35 and its 200-day moving average is $108.01.
RPM International (NYSE:RPM - Get Free Report ) last released its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. The business's quarterly revenue was up .4% compared to the same quarter last year. Equities analysts predict that RPM International Inc. will post 4.94 earnings per share for the current year.
RPM International Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. RPM International's payout ratio is currently 42.40%.
Insiders Place Their Bets In other news, Director Frederick R. Nance sold 1,835 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the transaction, the director now directly owns 8,180 shares in the company, valued at $892,029. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . In other RPM International news, Director Frederick R. Nance sold 1,835 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now directly owns 8,180 shares of the company's stock, valued at approximately $892,029. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, VP Matthew T. Ratajczak sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares of the company's stock, valued at approximately $2,570,933.13. The disclosure for this sale can be found here . 1.50% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades A number of equities research analysts have recently commented on RPM shares. Robert W. Baird lifted their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Mizuho increased their price target on RPM International from $128.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. BMO Capital Markets lowered their price objective on RPM International from $127.00 to $123.00 and set an "outperform" rating for the company in a research report on Friday, April 5th. Finally, UBS Group increased their target price on RPM International from $121.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.11.
Read Our Latest Report on RPM International
RPM International Company Profile (
Free Report )
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.
Further Reading Want to see what other hedge funds are holding RPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RPM International Inc. (NYSE:RPM - Free Report ).
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