MetLife Investment Management LLC Raises Stock Position in RPM International Inc. (NYSE:RPM)

MetLife Investment Management LLC lifted its holdings in RPM International Inc. (NYSE:RPM) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,788 shares of the specialty chemicals company’s stock after acquiring an additional 5,942 shares during the period. MetLife Investment Management LLC owned 0.06% of RPM International worth $9,080,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in RPM International in the 3rd quarter worth approximately $1,295,000. GAMMA Investing LLC boosted its position in shares of RPM International by 12.8% during the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock worth $269,000 after acquiring an additional 247 shares during the last quarter. Pensionfund Sabic purchased a new position in RPM International during the fourth quarter valued at $1,354,000. ST Germain D J Co. Inc. increased its holdings in RPM International by 7.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock valued at $377,000 after acquiring an additional 216 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in RPM International by 84.0% in the 4th quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock worth $81,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Royal Bank of Canada lowered their target price on RPM International from $126.00 to $116.00 and set a “sector perform” rating for the company in a research report on Thursday, April 10th. Fermium Researc raised shares of RPM International to a “hold” rating in a report on Wednesday, April 9th. Morgan Stanley decreased their price target on shares of RPM International from $125.00 to $113.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Finally, Robert W. Baird reduced their target price on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.10.

RPM International Stock Performance

RPM International stock opened at $100.94 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The firm has a market capitalization of $12.96 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79. The company’s 50-day moving average is $114.83 and its 200 day moving average is $124.39.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $0.52 earnings per share. RPM International’s revenue was down 3.0% on a year-over-year basis. Research analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.51 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.02%. RPM International’s dividend payout ratio is currently 40.88%.

About RPM International

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.