Corebridge Financial Inc. Has $17.96 Million Stock Position in RPM International Inc. (NYSE:RPM)

Corebridge Financial Inc. lowered its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,949 shares of the specialty chemicals company's stock after selling 6,684 shares during the period. Corebridge Financial Inc. owned 0.11% of RPM International worth $17,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RPM. Wilmington Savings Fund Society FSB acquired a new position in RPM International in the 3rd quarter valued at $1,295,000. Toronto Dominion Bank increased its position in shares of RPM International by 33.0% in the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company's stock worth $1,982,000 after purchasing an additional 4,062 shares during the period. Janney Montgomery Scott LLC raised its stake in RPM International by 9.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company's stock valued at $11,899,000 after purchasing an additional 8,725 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in RPM International by 2,975.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company's stock worth $24,290,000 after purchasing an additional 194,215 shares during the period. Finally, Geode Capital Management LLC grew its stake in RPM International by 5.8% during the third 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. 80.95% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

RPM has been the subject of several recent analyst reports. Wells Fargo & Company upgraded RPM International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. Evercore ISI upgraded RPM International to a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, Mizuho reduced their price target on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, RPM International presently has an average rating of "Moderate Buy" and an average target price of $132.00.

RPM International Trading Down 1.9 %

Shares of RPM International stock traded down $2.27 on Friday, hitting $114.10. The stock had a trading volume of 391,681 shares, compared to its average volume of 642,886. RPM International Inc. has a twelve month low of $103.69 and a twelve month high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The firm has a market capitalization of $14.67 billion, a P/E ratio of 22.55, a PEG ratio of 1.97 and a beta of 1.00. The stock has a 50 day moving average of $121.55 and a 200 day moving average of $126.52.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results 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. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business earned $1.22 earnings per share. RPM International's revenue was up 3.0% compared to the same quarter last year. Sell-side analysts expect that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.79%. RPM International's payout ratio is 40.32%.

RPM International 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.