MetLife Investment Management LLC Raises Stock Position in RPM International Inc. (NYSE:RPM)

MetLife Investment Management LLC increased its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,788 shares of the specialty chemicals company's stock after acquiring an additional 5,942 shares during the period. MetLife Investment Management LLC owned about 0.06% of RPM International worth $9,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position 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 worth $29,000 after purchasing an additional 84 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted 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 in the last quarter. Farther Finance Advisors LLC boosted its position in RPM International by 58.7% in the 4th 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 during the period. ST Germain D J Co. Inc. increased its position in shares of RPM International by 7.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company's stock worth $377,000 after acquiring an additional 216 shares during the period. Finally, Plato Investment Management Ltd raised its stake in shares of RPM International by 1.3% in the fourth quarter. Plato Investment Management Ltd now owns 17,547 shares of the specialty chemicals company's stock valued at $2,167,000 after acquiring an additional 228 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on RPM. Fermium Researc upgraded RPM International to a "hold" rating in a research note on Wednesday, April 9th. Mizuho dropped their target price on RPM International from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. StockNews.com downgraded RPM International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley cut their target price on RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Robert W. Baird dropped their price target on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $122.10.

RPM International Stock Performance

RPM traded down $1.06 on Friday, hitting $104.49. 356,719 shares of the company traded hands, compared to its average volume of 657,614. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79. The company has a 50 day moving average of $113.71 and a 200-day moving average of $123.95. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $13.42 billion, a PE ratio of 20.65, a PEG ratio of 1.97 and a beta of 1.06.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. Sell-side analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.95%. RPM International's dividend payout ratio (DPR) is presently 40.88%.

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.