TIAA Trust National Association Acquires 237 Shares of RPM International Inc. (NYSE:RPM)

TIAA Trust National Association grew its holdings in shares of RPM International Inc. (NYSE:RPM) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,827 shares of the specialty chemicals company’s stock after acquiring an additional 237 shares during the period. TIAA Trust National Association’s holdings in RPM International were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC raised its position 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 worth $320,851,000 after purchasing an additional 145,070 shares during the last quarter. Bank of New York Mellon Corp increased 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 buying an additional 87,540 shares during the period. GW&K Investment Management LLC raised its position in shares of RPM International by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock worth $74,607,000 after acquiring an additional 4,536 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of RPM International by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after acquiring an additional 15,602 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in RPM International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock valued at $30,457,000 after acquiring an additional 5,947 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RPM shares. Mizuho dropped 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 report on Wednesday, January 8th. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. UBS Group boosted their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Up 0.3 %

Shares of NYSE:RPM opened at $116.40 on Friday. The firm has a market cap of $14.97 billion, a P/E ratio of 23.00, a PEG ratio of 1.97 and a beta of 1.00. RPM International Inc. has a 52-week low of $103.69 and a 52-week high of $141.79. The business’s 50 day simple moving average is $121.80 and its two-hundred day simple moving average is $126.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm posted $1.22 EPS. RPM International’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.75%. 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.