Pinebridge Investments L.P. Has $4.81 Million Position in RPM International Inc. (NYSE:RPM)

Pinebridge Investments L.P. boosted its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 42.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,114 shares of the specialty chemicals company's stock after buying an additional 11,702 shares during the quarter. Pinebridge Investments L.P.'s holdings in RPM International were worth $4,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RPM. EverSource Wealth Advisors LLC increased its position in RPM International by 55.3% during the 4th 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. Crews Bank & Trust acquired a new position in shares of RPM International during the fourth quarter worth $37,000. Farther Finance Advisors LLC increased its holdings in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after buying an additional 155 shares in the last quarter. Fairway Wealth LLC lifted its stake in shares of RPM International by 829.8% in the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of 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 valued at $66,000 after acquiring an additional 320 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

RPM International Trading Up 0.7 %

Shares of RPM International stock traded up $0.75 on Monday, hitting $105.19. 715,819 shares of the company's stock traded hands, compared to its average volume of 659,592. The company has a fifty day moving average of $113.30 and a two-hundred day moving average of $123.67. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly 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). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. RPM International's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, sell-side analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The company 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 $0.51 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.94%. RPM International's dividend payout ratio is presently 40.88%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RPM shares. Evercore ISI upgraded RPM International to a "strong-buy" rating in a research report on Tuesday, January 21st. BMO Capital Markets cut their target price on shares of RPM International from $154.00 to $126.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. 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 report on Thursday, April 10th. StockNews.com lowered shares of RPM International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. 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. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $122.10.

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.