CIBC Private Wealth Group LLC Has $770,000 Stake in RPM International Inc. (NYSE:RPM)

CIBC Private Wealth Group LLC decreased its position in shares of RPM International Inc. (NYSE:RPM) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,284 shares of the specialty chemicals company’s stock after selling 473 shares during the period. CIBC Private Wealth Group LLC’s holdings in RPM International were worth $770,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dorsey Wright & Associates boosted its position in RPM International by 4.2% during the fourth quarter. Dorsey Wright & Associates now owns 27,287 shares of the specialty chemicals company’s stock worth $3,358,000 after purchasing an additional 1,093 shares during the period. DnB Asset Management AS boosted its holdings in shares of RPM International by 1.5% during the 4th quarter. DnB Asset Management AS now owns 23,878 shares of the specialty chemicals company’s stock worth $2,938,000 after buying an additional 351 shares during the period. New Age Alpha Advisors LLC acquired a new position in RPM International in the 4th quarter valued at $9,161,000. TIAA Trust National Association raised its holdings in RPM International by 6.6% in the 4th quarter. TIAA Trust National Association now owns 3,827 shares of the specialty chemicals company’s stock worth $471,000 after acquiring an additional 237 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of RPM International during the 4th quarter worth about $5,612,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

NYSE RPM opened at $108.13 on Friday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 21.37, 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 1-year low of $103.69 and a 1-year high of $141.79. The company has a 50 day moving average of $120.27 and a 200-day moving average of $126.26.

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

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, April 17th. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RPM. UBS Group increased their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI raised RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Mizuho decreased their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Six investment 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’s stock. According to MarketBeat, RPM International has a consensus rating of “Moderate Buy” and an average 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.