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

SVB Wealth LLC purchased a new stake in shares of RPM International Inc. (NYSE:RPM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,807 shares of the specialty chemicals company’s stock, valued at approximately $592,000.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after acquiring an additional 145,070 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in RPM International by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock worth $176,034,000 after acquiring an additional 87,540 shares in the last quarter. GW&K Investment Management LLC lifted its stake in RPM International by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock worth $74,607,000 after acquiring an additional 4,536 shares in the last quarter. Boston Trust Walden Corp lifted its stake in RPM International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after acquiring an additional 15,602 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in RPM International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after acquiring an additional 5,947 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Down 0.7 %

RPM International stock opened at $123.03 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. 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 one year low of $103.68 and a one year high of $141.79. The company’s fifty day moving average price is $123.77 and its two-hundred day moving average price is $126.34.

RPM International (NYSE:RPM) last released 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. 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 last year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, January 17th. RPM International’s dividend payout ratio is 40.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RPM. UBS Group lifted their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Mizuho decreased their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Finally, Evercore ISI raised RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

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.