GW&K Investment Management LLC Increases Stock Position in RPM International Inc. (NYSE:RPM)

GW&K Investment Management LLC raised its holdings in RPM International Inc. (NYSE:RPMGet Rating) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 567,849 shares of the specialty chemicals company’s stock after purchasing an additional 30,423 shares during the period. GW&K Investment Management LLC owned 0.44% of RPM International worth $57,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norwood Financial Corp purchased a new stake in shares of RPM International in the fourth quarter valued at about $38,000. Kozak & Associates Inc. purchased a new stake in shares of RPM International in the third quarter valued at about $39,000. Tobam purchased a new stake in shares of RPM International in the third quarter valued at about $40,000. Future Financial Wealth Managment LLC purchased a new stake in shares of RPM International in the fourth quarter valued at about $49,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in shares of RPM International in the fourth quarter valued at about $53,000. 79.96% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on RPM shares. TheStreet lowered shares of RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, April 6th. BMO Capital Markets cut their price objective 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. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company cut their price objective 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. Finally, Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a research report on Monday, March 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $98.00.

RPM stock traded down $0.28 on Friday, hitting $84.36. 396,587 shares of the company were exchanged, compared to its average volume of 552,418. RPM International Inc. has a twelve month low of $75.11 and a twelve month high of $101.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.45 and a quick ratio of 0.84. The business’s fifty day moving average is $84.14 and its two-hundred day moving average is $88.41. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 4.45 and a beta of 0.90.

RPM International (NYSE:RPMGet Rating) last issued its quarterly earnings results on Wednesday, April 6th. The specialty chemicals company reported $0.38 EPS for the quarter, topping the 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 firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. RPM International’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect that RPM International Inc. will post 3.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, April 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Wednesday, April 13th. RPM International’s payout ratio is currently 46.38%.

In other news, CAO Michael J. Laroche sold 1,476 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $83.55, for a total value of $123,319.80. Following the completion of the sale, the chief accounting officer now owns 6,525 shares of the company’s stock, valued at $545,163.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.

Further Reading

Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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