BI Asset Management Fondsmaeglerselskab A S Purchases 3,897 Shares of RPM International Inc. (NYSE:RPM)

BI Asset Management Fondsmaeglerselskab A S grew its position in RPM International Inc. (NYSE:RPM - Free Report) by 66.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,790 shares of the specialty chemicals company's stock after purchasing an additional 3,897 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in RPM International were worth $1,205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 84 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in RPM International by 4.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company's stock worth $423,000 after buying an additional 132 shares during the period. Farther Finance Advisors LLC lifted its stake in RPM International by 58.7% in the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after buying an additional 155 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of RPM International by 7.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company's stock valued at $377,000 after buying an additional 216 shares during the period. Finally, Plato Investment Management Ltd increased its position in shares of RPM International by 1.3% during the fourth quarter. Plato Investment Management Ltd now owns 17,547 shares of the specialty chemicals company's stock worth $2,167,000 after acquiring an additional 228 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RPM shares. StockNews.com lowered shares of RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley decreased their price objective on RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on RPM International from $126.00 to $124.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price target on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a research note on Thursday, April 10th. Finally, Mizuho cut their price objective on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, RPM International presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.10.

RPM International Stock Performance

NYSE RPM opened at $104.09 on Wednesday. The firm has a market capitalization of $13.37 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The firm's fifty day moving average price is $114.46 and its two-hundred day moving average price is $124.25. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last issued its 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 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 period in the previous year, the company posted $0.52 earnings per share. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently announced 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 1.96%. RPM International's dividend payout ratio is currently 40.88%.

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.

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