Motley Fool Asset Management LLC Increases Stock Position in RPM International Inc. (NYSE:RPM)

Motley Fool Asset Management LLC boosted its stake in RPM International Inc. (NYSE:RPM) by 8.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,631 shares of the specialty chemicals company’s stock after acquiring an additional 197 shares during the period. Motley Fool Asset Management LLC’s holdings in RPM International were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of RPM International in the fourth quarter valued at about $25,000. Rise Advisors LLC purchased a new stake in shares of RPM International in the first quarter valued at about $38,000. GAMMA Investing LLC acquired a new position in shares of RPM International during the fourth quarter worth about $75,000. Covestor Ltd increased its stake in shares of RPM International by 122.9% during the first quarter. Covestor Ltd now owns 740 shares of the specialty chemicals company’s stock worth $88,000 after acquiring an additional 408 shares during the period. Finally, Heritage Wealth Advisors increased its stake in shares of RPM International by 74.1% during the first quarter. Heritage Wealth Advisors now owns 1,125 shares of the specialty chemicals company’s stock worth $134,000 after acquiring an additional 479 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Price Performance

Shares of RPM stock traded up $1.86 during trading hours on Wednesday, hitting $121.47. The company’s stock had a trading volume of 1,038,447 shares, compared to its average volume of 630,875. The business has a fifty day moving average of $110.88 and a 200-day moving average of $111.33. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.78 and a beta of 1.00. RPM International Inc. has a twelve month low of $88.84 and a twelve month high of $122.92. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 earnings per share. As a group, equities research analysts anticipate that RPM International Inc. will post 5.49 EPS for the current year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, July 17th. RPM International’s payout ratio is 42.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RPM. Wells Fargo & Company boosted their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Mizuho lowered their target price on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Friday, July 26th. Finally, UBS Group lowered their target price on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $120.80.

Insider Activity at RPM International

In related news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

RPM International 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.