RPM International Inc. $RPM Shares Sold by Fairway Wealth LLC

Fairway Wealth LLC lowered its holdings in shares of RPM International Inc. (NYSE:RPM) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,008 shares of the specialty chemicals company’s stock after selling 4,552 shares during the quarter. RPM International comprises about 4.8% of Fairway Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Fairway Wealth LLC’s holdings in RPM International were worth $20,378,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ares Financial Consulting LLC acquired a new stake in RPM International in the 4th quarter worth approximately $37,000. Rothschild Investment LLC grew its holdings in RPM International by 2,387.0% during the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 549 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in RPM International in the 4th quarter worth $60,000. Resources Management Corp CT ADV lifted its position in shares of RPM International by 21,566.7% during the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 647 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of RPM International during the fourth quarter worth approximately $69,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

RPM opened at $110.33 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $104.33 and a 200-day moving average of $106.23. RPM International Inc. has a 12-month low of $92.92 and a 12-month high of $129.12. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.63 and a beta of 1.04.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities research analysts expect that RPM International Inc. will post 5.46 earnings per share for the current year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s payout ratio is 41.62%.

Analyst Upgrades and Downgrades

RPM has been the topic of a number of recent research reports. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Robert W. Baird upgraded RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price objective for the company in a research report on Wednesday, March 4th. Weiss Ratings cut shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Finally, BMO Capital Markets lowered their price objective on RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.42.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.