Geode Capital Management LLC Has $336.20 Million Holdings in RPM International Inc. (NYSE:RPM)

Geode Capital Management LLC increased its position in RPM International Inc. (NYSE:RPM - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,735,940 shares of the specialty chemicals company's stock after purchasing an additional 79,256 shares during the quarter. Geode Capital Management LLC owned 2.13% of RPM International worth $336,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 84 shares in the last quarter. Crews Bank & Trust bought a new position in RPM International during the 4th quarter valued at $37,000. Farther Finance Advisors LLC grew its holdings in RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after acquiring an additional 155 shares in the last quarter. Fairway Wealth LLC lifted its position in shares of RPM International by 829.8% during the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock worth $66,000 after buying an additional 320 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

RPM has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on RPM International from $140.00 to $116.00 and set an "overweight" rating for the company in a research note on Wednesday. Evercore ISI upgraded shares of RPM International to a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com cut shares of RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. 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 for the company in a report on Thursday. Finally, BMO Capital Markets dropped their price target on RPM International from $154.00 to $126.00 and set an "outperform" rating on the stock in a report on Wednesday. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.10.

RPM International Stock Performance

Shares of NYSE:RPM traded down $5.34 on Thursday, hitting $100.31. 317,948 shares of the company were exchanged, compared to its average volume of 717,622. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.97 and a beta of 1.06. 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 Inc. has a one year low of $95.28 and a one year high of $141.79. The company's 50 day moving average price is $117.80 and its two-hundred day moving average price is $125.53.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. Research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a $0.51 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a yield of 2.03%. RPM International's dividend payout ratio is 40.32%.

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.