Dorsey Wright & Associates Buys 1,093 Shares of RPM International Inc. (NYSE:RPM)

Dorsey Wright & Associates boosted its stake in RPM International Inc. (NYSE:RPM) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,287 shares of the specialty chemicals company’s stock after acquiring an additional 1,093 shares during the quarter. Dorsey Wright & Associates’ holdings in RPM International were worth $3,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $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 4th quarter worth about $37,000. Farther Finance Advisors LLC raised its holdings 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 purchasing an additional 155 shares during the period. Fairway Wealth LLC lifted its stake in 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 purchasing an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in RPM International by 148.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock worth $66,000 after purchasing an additional 320 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. UBS Group increased their price target on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, Mizuho reduced their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Down 1.9 %

NYSE RPM opened at $114.10 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.97 and a beta of 1.00. The company has a 50 day moving average of $121.55 and a 200-day moving average of $126.52. RPM International Inc. has a 1-year low of $103.69 and a 1-year high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. On average, equities research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. 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 1.79%. RPM International’s payout ratio is presently 40.32%.

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.