Russell Investments Group Ltd. Sells 14,318 Shares of RPM International Inc. (NYSE:RPM)

Russell Investments Group Ltd. lessened its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,562 shares of the specialty chemicals company's stock after selling 14,318 shares during the period. Russell Investments Group Ltd. owned 0.09% of RPM International worth $13,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 84 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in shares of RPM International by 4.0% during the fourth 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 during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 acquiring an additional 155 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of RPM International by 7.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company's stock valued at $377,000 after acquiring an additional 216 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in RPM International by 1.3% during the 4th quarter. Plato Investment Management Ltd now owns 17,547 shares of the specialty chemicals company's stock worth $2,167,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Trading Down 0.8 %

Shares of NYSE:RPM traded down $0.81 during mid-day trading on Wednesday, hitting $104.13. The company had a trading volume of 88,539 shares, compared to its average volume of 723,399. 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 Inc. has a one year low of $95.28 and a one year high of $141.79. The firm has a fifty day moving average price of $116.34 and a 200 day moving average price of $125.02. The company has a market capitalization of $13.37 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06.

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 for the quarter, missing the consensus estimate of $0.50 by ($0.15). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. As a group, research analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.96%. RPM International's dividend payout ratio is 40.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada dropped their target price on 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. Evercore ISI raised shares of RPM International to a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. BMO Capital Markets reduced their price objective on shares of RPM International from $154.00 to $126.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Mizuho lowered their target price on RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Seven investment 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. According to data from MarketBeat.com, RPM International presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.10.

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.