Ferguson Wellman Capital Management Inc. Cuts Stake in RPM International Inc. (NYSE:RPM)

Ferguson Wellman Capital Management Inc. trimmed its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 84.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,939 shares of the specialty chemicals company's stock after selling 10,290 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in RPM International were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake 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 worth $320,851,000 after buying an additional 145,070 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of RPM International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company's stock valued at $62,712,000 after acquiring an additional 15,602 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of RPM International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company's stock valued at $30,457,000 after acquiring an additional 5,947 shares during the last quarter. National Pension Service lifted its holdings in shares of RPM International by 4.8% in the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company's stock valued at $27,130,000 after acquiring an additional 10,317 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of RPM International by 2,975.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company's stock valued at $24,290,000 after acquiring an additional 194,215 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

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RPM International Stock Up 0.5 %

RPM stock traded up $0.67 during trading on Friday, hitting $123.46. 1,441,179 shares of the company's stock traded hands, compared to its average volume of 729,753. The firm has a market capitalization of $15.87 billion, a P/E ratio of 24.40, a PEG ratio of 1.97 and a beta of 1.01. The business has a fifty day simple moving average of $125.44 and a two-hundred day simple moving average of $125.68. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 1 year low of $103.68 and a 1 year high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. RPM International's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. Sell-side analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Friday, January 17th. RPM International's dividend payout ratio is currently 40.32%.

Analysts Set New Price Targets

Several analysts have issued reports on RPM shares. UBS Group raised their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Evercore ISI raised shares of RPM International to a "strong-buy" rating in a research note on Tuesday, January 21st. Mizuho decreased their price objective on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company raised shares of RPM International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, StockNews.com raised shares of RPM International from a "hold" rating to a "buy" rating in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RPM International has a consensus rating of "Moderate Buy" and a consensus target price of $132.00.

RPM International Company 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.