Cornerstone Investment Partners LLC Makes New Investment in RPM International Inc. (NYSE:RPM)

Cornerstone Investment Partners LLC acquired a new position in shares of RPM International Inc. (NYSE:RPM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,148 shares of the specialty chemicals company’s stock, valued at approximately $264,000.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after buying an additional 145,070 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of RPM International by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after buying an additional 87,540 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of RPM International by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock valued at $74,607,000 after buying an additional 4,536 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of RPM International by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after buying an additional 15,602 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of RPM International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock valued at $30,457,000 after buying an additional 5,947 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RPM. Mizuho dropped their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price target on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Six 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 company’s stock. According to MarketBeat, RPM International presently has an average rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Performance

NYSE RPM opened at $123.03 on Tuesday. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.97 and a beta of 1.01. RPM International Inc. has a twelve month low of $103.68 and a twelve month high of $141.79. The stock has a fifty day simple moving average of $123.77 and a 200 day simple moving average of $126.34. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74.

RPM International (NYSE:RPM) last posted 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 the consensus estimate of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. RPM International’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 earnings per share. Sell-side analysts expect that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.66%. RPM International’s dividend payout ratio (DPR) is currently 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.