Caisse DE Depot ET Placement DU Quebec Acquires 78,828 Shares of RPM International Inc. (NYSE:RPM)

Caisse DE Depot ET Placement DU Quebec increased its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 39.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,570 shares of the specialty chemicals company's stock after purchasing an additional 78,828 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.22% of RPM International worth $34,404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RPM. EverSource Wealth Advisors LLC increased its position in 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 in the last quarter. Crews Bank & Trust purchased a new stake in RPM International during the 4th quarter worth $37,000. Farther Finance Advisors LLC grew its stake in RPM International by 58.7% during the 4th 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 in the last quarter. Fairway Wealth LLC raised its holdings 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 acquiring an additional 390 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock worth $66,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Stock Performance

RPM stock traded down $1.13 during midday trading on Tuesday, hitting $108.84. The company's stock had a trading volume of 882,739 shares, compared to its average volume of 666,111. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.97 and a beta of 1.08. The stock's 50-day moving average price is $111.54 and its 200 day moving average price is $122.59. 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 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 posted its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. RPM International's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.87%. RPM International's payout ratio is 40.88%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RPM shares. JPMorgan Chase & Co. cut their price objective on shares of RPM International from $126.00 to $124.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group cut their price target on shares of RPM International from $113.00 to $110.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Morgan Stanley reduced their target price on RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Robert W. Baird lowered their price objective on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.10.

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.