RPM International Inc. $RPM Holdings Increased by Tributary Capital Management LLC

Tributary Capital Management LLC lifted its holdings in RPM International Inc. (NYSE:RPM) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,106 shares of the specialty chemicals company’s stock after purchasing an additional 342 shares during the period. Tributary Capital Management LLC’s holdings in RPM International were worth $1,110,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC grew its stake in shares of RPM International by 43.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 118 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in shares of RPM International by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company’s stock worth $1,704,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of RPM International by 7.4% in the 1st quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company’s stock worth $271,000 after purchasing an additional 161 shares during the last quarter. Archer Investment Corp grew its stake in shares of RPM International by 21.2% in the 1st quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company’s stock worth $133,000 after purchasing an additional 201 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of RPM International by 28.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock worth $118,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of RPM opened at $111.64 on Thursday. The company’s 50 day moving average price is $120.36 and its 200 day moving average price is $114.63. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. The company has a market capitalization of $14.31 billion, a PE ratio of 20.87, a PEG ratio of 2.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Research analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.9%. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date is Monday, October 20th. RPM International’s dividend payout ratio is presently 40.37%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RPM. Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $126.00 to $129.00 in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of RPM International in a research report on Wednesday, October 8th. UBS Group lifted their target price on shares of RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. BMO Capital Markets lifted their target price on shares of RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada dropped their target price on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RPM International has an average rating of “Moderate Buy” and a consensus target price of $130.70.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of RPM International stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the sale, the director directly owned 7,394 shares in the company, valued at $882,547.84. The trade was a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

RPM International 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.