Strive Asset Management LLC Makes New $686,000 Investment in RPM International Inc. (NYSE:RPM)

Strive Asset Management LLC bought a new position in shares of RPM International Inc. (NYSE:RPM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,571 shares of the specialty chemicals company’s stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RPM. EverSource Wealth Advisors LLC raised its holdings in shares of RPM International by 55.3% in the 4th 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 RPM International during the 4th quarter worth $37,000. Farther Finance Advisors LLC raised its stake in 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 in the last quarter. Fairway Wealth LLC raised its stake in RPM International by 829.8% during the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 390 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 320 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RPM has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of RPM International from $140.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley lowered their price objective on shares of RPM International from $125.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Fermium Researc raised shares of RPM International to a “hold” rating in a research report on Wednesday, April 9th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and a consensus target price of $122.10.

RPM International Stock Up 1.5%

RPM International stock opened at $116.11 on Friday. The company has a 50-day simple moving average of $109.78 and a 200-day simple moving average of $121.56. The firm has a market capitalization of $14.91 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.97 and a beta of 1.08. 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 Inc. has a one year low of $95.28 and a one year high of $141.79.

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

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.51 dividend. The ex-dividend date was Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.76%. RPM International’s dividend payout ratio is currently 40.88%.

About RPM International

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.