RPM International Inc. (NYSE:RPM) Shares Bought by Fairway Wealth LLC

Fairway Wealth LLC grew its position in RPM International Inc. (NYSE:RPM) by 829.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437 shares of the specialty chemicals company’s stock after buying an additional 390 shares during the quarter. Fairway Wealth LLC’s holdings in RPM International were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RPM. Geode Capital Management LLC boosted its holdings in RPM International by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after acquiring an additional 145,070 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of RPM International by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after purchasing an additional 87,540 shares during the period. GW&K Investment Management LLC grew its holdings in shares of RPM International by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock valued at $74,607,000 after purchasing an additional 4,536 shares in the last quarter. Boston Trust Walden Corp increased its stake in RPM International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after buying an additional 15,602 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in RPM International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after buying an additional 5,947 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on RPM. Mizuho dropped their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. UBS Group upped their price target on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price 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. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Down 1.6 %

RPM stock opened at $120.57 on Tuesday. The stock has a market cap of $15.50 billion, a P/E ratio of 23.83, a PEG ratio of 1.97 and a beta of 1.00. 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 Inc. has a twelve month low of $103.69 and a twelve month high of $141.79. The company’s 50 day moving average is $123.52 and its two-hundred day moving average is $126.58.

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

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.69%. RPM International’s dividend payout ratio is presently 40.32%.

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.