RPM International Inc. (NYSE:RPM) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its holdings in RPM International Inc. (NYSE:RPM) by 11.9% in the fourth quarter, Holdings Channel reports. The fund owned 4,335 shares of the specialty chemicals company’s stock after selling 586 shares during the period. IHT Wealth Management LLC’s holdings in RPM International were worth $533,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 84 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of RPM International in the 4th quarter worth $37,000. Farther Finance Advisors LLC raised its holdings in shares of RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 155 shares during the period. Fairway Wealth LLC boosted its position in shares of RPM International by 829.8% during the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 148.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 320 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Trading Down 1.0 %

NYSE RPM opened at $104.49 on Friday. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79. The firm has a 50 day simple moving average of $113.30 and a 200-day simple moving average of $123.77. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Equities research analysts anticipate that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International’s payout ratio is presently 40.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Robert W. Baird decreased their target price on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on RPM International from $140.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Fermium Researc raised RPM International to a “hold” rating in a research note on Wednesday, April 9th. Evercore ISI raised RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, BMO Capital Markets cut their price objective on RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.10.

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.