SVB Wealth LLC Takes $592,000 Position in RPM International Inc. (NYSE:RPM)

SVB Wealth LLC acquired a new position in shares of RPM International Inc. (NYSE:RPM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,807 shares of the specialty chemicals company's stock, valued at approximately $592,000.

Several other large investors also recently bought and sold shares of RPM. Creative Financial Designs Inc. ADV boosted its stake in shares of RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Crews Bank & Trust acquired a new stake in RPM International during the 4th quarter worth $37,000. UMB Bank n.a. grew its holdings in shares of RPM International by 84.0% during the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company's stock worth $81,000 after buying an additional 300 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of RPM International in the fourth quarter valued at about $225,000. Finally, iA Global Asset Management Inc. lifted its stake in shares of RPM International by 37.8% in the third quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company's stock worth $221,000 after buying an additional 501 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RPM. UBS Group increased their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI raised RPM International to a "strong-buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price on RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised shares of RPM International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Six equities 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.00.

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RPM International Trading Down 1.5 %

Shares of NYSE:RPM traded down $1.88 during mid-day trading on Friday, reaching $122.51. 556,296 shares of the company were exchanged, compared to its average volume of 614,044. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.97 and a beta of 1.00. 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 1 year low of $103.69 and a 1 year high of $141.79. The firm's 50-day simple moving average is $123.61 and its 200 day simple moving average is $126.34.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. Equities research analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. RPM International's dividend payout ratio (DPR) is presently 40.32%.

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.