RPM International Inc. (NYSE:RPM) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in RPM International Inc. (NYSE:RPMFree Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,486 shares of the specialty chemicals company’s stock after purchasing an additional 682 shares during the period. Janney Montgomery Scott LLC’s holdings in RPM International were worth $10,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RPM. Cornerstone Planning Group LLC lifted its holdings in RPM International by 1,735.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 486 shares during the last quarter. Covestor Ltd raised its position in shares of RPM International by 274.8% during the 3rd quarter. Covestor Ltd now owns 566 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 415 shares in the last quarter. GAMMA Investing LLC bought a new position in RPM International during the fourth quarter worth $75,000. WASHINGTON TRUST Co boosted its holdings in RPM International by 11.2% in the fourth quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 107 shares during the period. Finally, Naples Money Management LLC bought a new stake in RPM International during the fourth quarter valued at $167,000. 80.95% of the stock is owned by institutional investors.

RPM International Price Performance

NYSE RPM opened at $113.51 on Friday. The company has a 50-day moving average price of $112.90 and a two-hundred day moving average price of $109.11. RPM International Inc. has a 52 week low of $78.95 and a 52 week high of $120.74. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.78 and a beta of 1.06. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93.

RPM International (NYSE:RPMGet Free Report) last issued its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Analysts forecast that RPM International Inc. will post 4.94 EPS for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. RPM International’s dividend payout ratio (DPR) is 42.40%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RPM. UBS Group raised their price target on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Mizuho raised their target price on shares of RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, April 5th. BMO Capital Markets lowered their target price on RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Friday, April 5th. Finally, Robert W. Baird increased their price target on RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Get Our Latest Report on RPM International

About RPM International

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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