Allegheny Financial Group LTD bought a new position in RPM International Inc. (NYSE:RPM – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 757 shares of the specialty chemicals company’s stock, valued at approximately $76,000.
Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in RPM International by 16.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 82,055 shares of the specialty chemicals company’s stock worth $8,288,000 after acquiring an additional 11,293 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in RPM International in the 4th quarter worth about $217,000. Whittier Trust Co. grew its stake in RPM International by 3.4% in the 4th quarter. Whittier Trust Co. now owns 30,271 shares of the specialty chemicals company’s stock worth $3,057,000 after acquiring an additional 995 shares in the last quarter. Sciencast Management LP bought a new position in RPM International in the 4th quarter worth about $745,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of RPM International in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 79.96% of the company’s stock.
RPM has been the subject of several research reports. BMO Capital Markets lowered their price target on shares of RPM International from $115.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. Zacks Investment Research cut shares of RPM International from a “hold” rating to a “sell” rating and set a $85.00 price target for the company. in a research report on Monday, March 28th. Bank of America cut shares of RPM International from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Wells Fargo & Company lowered their price target on shares of RPM International from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $98.00.
NYSE:RPM opened at $87.01 on Thursday. RPM International Inc. has a 52 week low of $75.11 and a 52 week high of $101.48. The firm has a 50 day moving average of $83.23 and a 200 day moving average of $88.64. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 4.42 and a beta of 0.90.
RPM International (NYSE:RPM – Get Rating) last issued its quarterly earnings results on Wednesday, April 6th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. RPM International had a net margin of 6.94% and a return on equity of 25.48%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business posted $0.38 EPS. RPM International’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts expect that RPM International Inc. will post 3.69 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. RPM International’s payout ratio is 46.38%.
RPM International Company Profile (Get Rating)
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.
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