Pinebridge Investments L.P. Acquires 11,702 Shares of RPM International Inc. (NYSE:RPM)

Pinebridge Investments L.P. grew its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,114 shares of the specialty chemicals company's stock after buying an additional 11,702 shares during the quarter. Pinebridge Investments L.P.'s holdings in RPM International were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in RPM International in the third quarter worth $1,295,000. GAMMA Investing LLC lifted its holdings in RPM International by 12.8% during the 4th quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company's stock worth $269,000 after buying an additional 247 shares in the last quarter. Pensionfund Sabic bought a new position in RPM International in the 4th quarter valued at $1,354,000. ST Germain D J Co. Inc. raised its position in shares of RPM International by 7.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company's stock worth $377,000 after acquiring an additional 216 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of RPM International by 84.0% during the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company's stock valued at $81,000 after acquiring an additional 300 shares during the period. Institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Fermium Researc raised shares of RPM International to a "hold" rating in a research note on Wednesday, April 9th. BMO Capital Markets reduced their price objective on shares of RPM International from $154.00 to $126.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada dropped their target price on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company decreased their price objective on RPM International from $140.00 to $116.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. cut their target price on RPM International from $126.00 to $124.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $122.10.

RPM International Stock Up 0.2 %

Shares of NYSE:RPM traded up $0.19 during midday trading on Wednesday, reaching $105.82. 231,570 shares of the company were exchanged, compared to its average volume of 659,106. The firm has a market cap of $13.59 billion, a PE ratio of 20.91, a P/E/G ratio of 1.97 and a beta of 1.06. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The stock has a fifty day simple moving average of $112.60 and a two-hundred day simple moving average of $123.35. 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 (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 analysts' consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The business's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International's payout ratio is 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.