RPM International Inc. $RPM Shares Sold by Fairway Wealth LLC

Fairway Wealth LLC trimmed its stake in RPM International Inc. (NYSE:RPM) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,008 shares of the specialty chemicals company’s stock after selling 4,552 shares during the period. RPM International makes up 4.8% of Fairway Wealth LLC’s investment portfolio, making the stock its 8th largest holding. Fairway Wealth LLC owned about 0.16% of RPM International worth $20,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ares Financial Consulting LLC purchased a new stake in RPM International in the fourth quarter valued at $37,000. Rothschild Investment LLC grew its holdings in shares of RPM International by 2,387.0% during the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 549 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of RPM International during the fourth quarter worth about $60,000. Resources Management Corp CT ADV increased its position in shares of RPM International by 21,566.7% during the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 647 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of RPM International during the fourth quarter worth about $69,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RPM. Weiss Ratings cut RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Zacks Research upgraded RPM International from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Bank of America decreased their price objective on RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Citigroup raised their target price on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, BMO Capital Markets cut their target price on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.42.

RPM International Stock Down 1.9%

RPM opened at $110.33 on Tuesday. The business has a 50 day simple moving average of $104.33 and a 200-day simple moving average of $106.23. The stock has a market capitalization of $14.08 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $129.12.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, equities analysts anticipate that RPM International Inc. will post 5.46 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $0.54 dividend. The ex-dividend date was Thursday, April 16th. This represents a $2.16 annualized dividend and a yield of 2.0%. RPM International’s dividend payout ratio is 41.62%.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.