Gilliland Jeter Wealth Management LLC Makes New $742,000 Investment in RPM International Inc. (NYSE:RPM)

Gilliland Jeter Wealth Management LLC purchased a new position in shares of RPM International Inc. (NYSE:RPM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,646 shares of the specialty chemicals company’s stock, valued at approximately $742,000.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its stake in shares of 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 purchasing an additional 486 shares during the last quarter. Covestor Ltd boosted its stake 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 worth $54,000 after purchasing an additional 415 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of RPM International during the 4th quarter worth about $75,000. WASHINGTON TRUST Co boosted its stake in shares of RPM International by 11.2% during the 4th 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 last quarter. Finally, Naples Money Management LLC acquired a new stake in shares of RPM International during the 4th quarter worth about $167,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on RPM. BMO Capital Markets decreased their target price on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Robert W. Baird raised their target price on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. UBS Group raised their target price 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. Finally, Mizuho lifted their price target on shares of RPM International from $128.00 to $136.00 and gave the company a “buy” 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 company’s stock. According to data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average target price of $115.11.

RPM International Trading Up 0.5 %

RPM stock traded up $0.49 during midday trading on Friday, reaching $107.38. 406,624 shares of the company’s stock traded hands, compared to its average volume of 613,948. The company has a market capitalization of $13.83 billion, a P/E ratio of 24.74, a PEG ratio of 1.69 and a beta of 1.04. The business has a 50-day moving average price of $113.66 and a two-hundred day moving average price of $107.26. RPM International Inc. has a fifty-two week low of $78.52 and a fifty-two week high of $120.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.39.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. Equities research analysts forecast that RPM International Inc. will post 4.94 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.71%. RPM International’s dividend payout ratio is currently 42.40%.

Insider Activity

In other news, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now owns 23,451 shares in the company, valued at $2,570,933.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Frederick R. Nance sold 1,835 shares of RPM International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the sale, the director now owns 8,180 shares in the company, valued at $892,029. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the sale, the vice president now owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

RPM International Company Profile

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.