Cibc World Markets Corp Sells 1,679 Shares of RPM International Inc. (NYSE:RPM)

Cibc World Markets Corp decreased its position in shares of RPM International Inc. (NYSE:RPM) by 22.4% during the 4th quarter, Holdings Channel reports. The fund owned 5,824 shares of the specialty chemicals company’s stock after selling 1,679 shares during the quarter. Cibc World Markets Corp’s holdings in RPM International were worth $717,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 84 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in RPM International by 4.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock valued at $423,000 after buying an additional 132 shares in the last quarter. Farther Finance Advisors LLC lifted 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 buying an additional 155 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in RPM International by 7.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock valued at $377,000 after buying an additional 216 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its stake in RPM International by 1.3% in the fourth quarter. Plato Investment Management Ltd now owns 17,547 shares of the specialty chemicals company’s stock valued at $2,167,000 after buying an additional 228 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group lifted their price target on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Mizuho cut their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, 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 report on Wednesday, January 8th. Six investment 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Price Performance

Shares of RPM opened at $114.42 on Friday. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.97 and a beta of 1.00. RPM International Inc. has a 1-year low of $103.69 and a 1-year high of $141.79. The company’s fifty day simple moving average is $122.46 and its 200 day simple moving average is $126.53. 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) last issued its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 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 up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.22 earnings per share. On average, research analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.78%. RPM International’s dividend payout ratio is currently 40.32%.

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.