Boston Trust Walden Corp Lowers Stock Position in RPM International Inc. $RPM

Boston Trust Walden Corp trimmed its holdings in RPM International Inc. (NYSE:RPM) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 630,505 shares of the specialty chemicals company’s stock after selling 17,283 shares during the quarter. Boston Trust Walden Corp owned approximately 0.49% of RPM International worth $62,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Stock Yards Bank & Trust Co. raised its holdings in shares of RPM International by 4.8% in the first quarter. Stock Yards Bank & Trust Co. now owns 10,059 shares of the specialty chemicals company’s stock valued at $1,000,000 after buying an additional 463 shares during the last quarter. Venturi Wealth Management LLC lifted its position in RPM International by 7.5% during the 1st quarter. Venturi Wealth Management LLC now owns 7,245 shares of the specialty chemicals company’s stock worth $720,000 after acquiring an additional 507 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in RPM International by 12.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,994 shares of the specialty chemicals company’s stock worth $496,000 after acquiring an additional 551 shares during the period. SG Americas Securities LLC grew its stake in shares of RPM International by 80.0% in the 1st quarter. SG Americas Securities LLC now owns 81,471 shares of the specialty chemicals company’s stock valued at $8,098,000 after purchasing an additional 36,214 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of RPM International by 41.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,385 shares of the specialty chemicals company’s stock valued at $1,231,000 after purchasing an additional 3,660 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Performance

NYSE:RPM opened at $111.61 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. RPM International Inc. has a fifty-two week low of $92.92 and a fifty-two week high of $129.12. The stock has a market cap of $14.25 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The firm’s fifty day simple moving average is $104.46 and its 200-day simple moving average is $106.33.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts expect that RPM International Inc. will post 5.46 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is presently 41.62%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RPM shares. Royal Bank Of Canada increased their price target on RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Mizuho lowered their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Morgan Stanley boosted their price target on shares of RPM International from $118.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, Bank of America cut their price target on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, RPM International currently has a consensus rating of “Moderate Buy” and an average target price of $127.42.

RPM International 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.