Strive Asset Management LLC Makes New $686,000 Investment in RPM International Inc. (NYSE:RPM)

Strive Asset Management LLC bought a new position in RPM International Inc. (NYSE:RPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,571 shares of the specialty chemicals company’s stock, valued at approximately $686,000.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of RPM International by 9.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company’s stock valued at $11,899,000 after purchasing an additional 8,725 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in RPM International by 2.5% during 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 buying an additional 5,947 shares during the period. Tributary Capital Management LLC boosted its stake in RPM International by 34.5% during the fourth quarter. Tributary Capital Management LLC now owns 9,368 shares of the specialty chemicals company’s stock valued at $1,153,000 after buying an additional 2,404 shares during the period. Boston Trust Walden Corp boosted its stake in RPM International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after buying an additional 15,602 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in RPM International by 302.8% during the fourth quarter. Jones Financial Companies Lllp now owns 4,507 shares of the specialty chemicals company’s stock valued at $555,000 after buying an additional 3,388 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Price Performance

NYSE RPM opened at $116.11 on Friday. The firm’s fifty day simple moving average is $109.78 and its two-hundred day simple moving average is $121.56. 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 12-month low of $95.28 and a 12-month high of $141.79. The firm has a market capitalization of $14.91 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.97 and a beta of 1.08.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $0.52 earnings per share. RPM International’s quarterly revenue was down 3.0% compared to the same quarter last year. Analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.51 per share. The ex-dividend date was Thursday, April 17th. This represents a $2.04 annualized dividend and a yield of 1.76%. RPM International’s dividend payout ratio is presently 40.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Fermium Researc raised RPM International to a “hold” rating in a research note on Wednesday, April 9th. Evercore ISI raised RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group dropped their price target on RPM International from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. BMO Capital Markets dropped their price target on RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.10.

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.