Bank of New York Mellon Corp Reduces Stake in RPM International Inc. $RPM

Bank of New York Mellon Corp lessened its holdings in RPM International Inc. (NYSE:RPM) by 11.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,149,164 shares of the specialty chemicals company’s stock after selling 143,672 shares during the period. Bank of New York Mellon Corp’s holdings in RPM International were worth $119,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC purchased a new position in shares of RPM International during the 4th quarter valued at about $37,000. Rothschild Investment LLC increased its holdings in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of RPM International by 21.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $73,000 after purchasing an additional 108 shares in the last quarter. GGM Financials LLC acquired a new position in shares of RPM International in the 3rd quarter valued at $77,000. Finally, V Square Quantitative Management LLC purchased a new stake in RPM International during the fourth quarter worth $86,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Stock Up 0.0%

Shares of RPM opened at $105.00 on Monday. RPM International Inc. has a 52-week low of $92.92 and a 52-week high of $129.12. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $102.54 and a two-hundred day simple moving average of $105.86. The company has a market capitalization of $13.40 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.04.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%. RPM International’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, equities analysts forecast that RPM International Inc. will post 5.46 EPS for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, April 16th. RPM International’s payout ratio is 41.62%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RPM. Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target on the stock in a research report on Wednesday, March 4th. Citigroup increased their price target on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Zacks Research upgraded RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and increased their target price for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.