RPM International Inc. (NYSE:RPM) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC raised its stake in shares of RPM International Inc. (NYSE:RPM) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,270 shares of the specialty chemicals company’s stock after purchasing an additional 4,536 shares during the quarter. GW&K Investment Management LLC’s holdings in RPM International were worth $74,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of RPM International in the 3rd quarter valued at $1,295,000. National Pension Service grew its stake in RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after purchasing an additional 10,317 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of RPM International by 33.0% in the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after purchasing an additional 4,062 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of RPM International by 9.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company’s stock worth $11,899,000 after purchasing an additional 8,725 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of RPM International by 56.8% in the third quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock worth $4,164,000 after purchasing an additional 12,470 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Trading Down 1.0 %

Shares of RPM International stock opened at $121.73 on Friday. RPM International Inc. has a fifty-two week low of $103.68 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company has a market cap of $15.65 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The firm has a 50-day simple moving average of $123.84 and a two-hundred day simple moving average of $126.06.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. RPM International’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.68%. RPM International’s dividend payout ratio is currently 40.32%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, UBS Group increased their price target on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, RPM International presently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Company 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.