RPM International Inc. $RPM Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in RPM International Inc. (NYSE:RPM) by 14.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,521,562 shares of the specialty chemicals company’s stock after selling 409,754 shares during the period. Geode Capital Management LLC owned about 1.97% of RPM International worth $261,555,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new stake in RPM International in the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its stake in shares of RPM International by 21.2% in the third quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 108 shares in the last quarter. GGM Financials LLC acquired a new position in shares of RPM International in the third quarter worth $77,000. V Square Quantitative Management LLC acquired a new position in shares of RPM International in the fourth quarter worth $86,000. Finally, BOKF NA acquired a new position in shares of RPM International in the third quarter worth $118,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

RPM has been the subject of several research reports. Royal Bank Of Canada boosted their price target on shares of RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Bank of America dropped their price target on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Mizuho dropped their price target on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Wednesday, March 4th. Finally, UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, RPM International presently has an average rating of “Moderate Buy” and an average target price of $127.42.

RPM International Price Performance

RPM International stock opened at $104.94 on Wednesday. The stock has a market cap of $13.39 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.45 and a beta of 1.04. The company has a fifty day simple moving average of $101.87 and a 200-day simple moving average of $105.92. RPM International Inc. has a 12-month low of $92.92 and a 12-month high of $129.12. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.20. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Equities analysts expect that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, April 16th. RPM International’s 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.