Cornerstone Investment Partners LLC Makes New $264,000 Investment in RPM International Inc. (NYSE:RPM)

Cornerstone Investment Partners LLC purchased a new position in RPM International Inc. (NYSE:RPM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,148 shares of the specialty chemicals company's stock, valued at approximately $264,000.

Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its stake in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 82 shares in the last quarter. Crews Bank & Trust acquired a new position in RPM International during the 4th quarter worth about $37,000. UMB Bank n.a. lifted its position in shares of RPM International by 84.0% during the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company's stock worth $81,000 after purchasing an additional 300 shares in the last quarter. iA Global Asset Management Inc. grew its stake in shares of RPM International by 37.8% during the third quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company's stock valued at $221,000 after purchasing an additional 501 shares during the last quarter. Finally, Longboard Asset Management LP bought a new position in RPM International in the 4th quarter valued at $225,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Stock Performance

Shares of RPM International stock traded down $1.88 during trading on Friday, hitting $122.51. 556,296 shares of the stock were exchanged, compared to its average volume of 614,044. RPM International Inc. has a 1-year low of $103.69 and a 1-year high of $141.79. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The company has a fifty day moving average price of $123.61 and a 200-day moving average price of $126.34. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74.

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RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 earnings per share. As a group, equities analysts predict that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.67%. RPM International's payout ratio is currently 40.32%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RPM. Evercore ISI upgraded shares of RPM International to a "strong-buy" rating in a research report on Tuesday, January 21st. UBS Group boosted their target price on RPM International from $123.00 to $130.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Wells Fargo & Company raised RPM International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target 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. Finally, Mizuho decreased their price objective on RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Six research 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.00.

About RPM International

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.