Abacus FCF Advisors LLC Buys 9,548 Shares of RPM International Inc. (NYSE:RPM)

Abacus FCF Advisors LLC grew its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,245 shares of the specialty chemicals company's stock after buying an additional 9,548 shares during the quarter. Abacus FCF Advisors LLC's holdings in RPM International were worth $3,722,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its position in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company's stock valued at $320,851,000 after acquiring an additional 145,070 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of RPM International by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company's stock valued at $176,034,000 after purchasing an additional 87,540 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of RPM International in the fourth quarter valued at approximately $9,161,000. KLP Kapitalforvaltning AS acquired a new stake in shares of RPM International in the fourth quarter valued at approximately $5,612,000. Finally, Amundi raised its position in RPM International by 33.4% in the 4th quarter. Amundi now owns 166,166 shares of the specialty chemicals company's stock worth $20,367,000 after purchasing an additional 41,575 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Trading Up 2.0 %

NYSE:RPM traded up $2.04 during trading hours on Friday, hitting $104.48. The stock had a trading volume of 933,682 shares, compared to its average volume of 656,868. The business's 50 day moving average is $117.06 and its 200-day moving average is $125.28. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.97 and a beta of 1.06. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS 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 firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $0.52 EPS. RPM International's quarterly revenue was down 3.0% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a $0.51 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.95%. RPM International's dividend payout ratio is presently 40.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho lowered their target price on RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Fermium Researc upgraded RPM International to a "hold" rating in a research report on Wednesday. Robert W. Baird dropped their price objective on RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank of Canada reduced their target price on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, BMO Capital Markets dropped their price target on shares of RPM International from $154.00 to $126.00 and set an "outperform" rating for the company in a research note on Wednesday. Seven 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. Based on data from MarketBeat.com, RPM International presently has an average rating of "Moderate Buy" and an average target price of $124.10.

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.