RPM International Inc. $RPM Stake Lifted by Curio Wealth LLC

Curio Wealth LLC increased its stake in shares of RPM International Inc. (NYSE:RPM) by 65,900.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660 shares of the specialty chemicals company’s stock after buying an additional 659 shares during the quarter. Curio Wealth LLC’s holdings in RPM International were worth $72,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RPM. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of RPM International by 277.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in shares of RPM International by 43.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 118 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of RPM International by 71.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 384 shares during the period. Parallel Advisors LLC increased its holdings in shares of RPM International by 28.7% during the second quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock valued at $118,000 after purchasing an additional 239 shares during the period. Finally, Archer Investment Corp increased its holdings in shares of RPM International by 21.2% during the first quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 201 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on RPM shares. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Royal Bank Of Canada decreased their target price on RPM International from $125.00 to $121.00 and set a “sector perform” rating for the company in a research note on Monday, October 6th. BMO Capital Markets raised their target price on RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. UBS Group raised their target price on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Finally, Morgan Stanley raised their target price on RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.70.

RPM International Trading Down 0.8%

NYSE:RPM opened at $111.40 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. The stock has a fifty day simple moving average of $119.89 and a 200 day simple moving average of $114.77.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the company posted $1.84 EPS. RPM International’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $2.16 annualized dividend and a yield of 1.9%. This is an increase from RPM International’s previous quarterly dividend of $0.51. RPM International’s dividend payout ratio (DPR) is currently 40.37%.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the sale, the director directly owned 7,394 shares of the company’s stock, valued at approximately $882,547.84. This represents a 11.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.