RPM International Inc. $RPM Holdings Decreased by Fairway Wealth LLC

Fairway Wealth LLC lowered its position in RPM International Inc. (NYSE:RPM) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 209,560 shares of the specialty chemicals company’s stock after selling 14,776 shares during the period. RPM International comprises approximately 4.3% of Fairway Wealth LLC’s investment portfolio, making the stock its 9th largest position. Fairway Wealth LLC’s holdings in RPM International were worth $21,794,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in RPM International in the third quarter worth $30,000. Versant Capital Management Inc boosted its holdings in RPM International by 48.6% during the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 90 shares during the period. EverSource Wealth Advisors LLC grew its position in RPM International by 21.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 108 shares during the last quarter. GGM Financials LLC purchased a new stake in shares of RPM International during the third quarter valued at approximately $77,000. Finally, V Square Quantitative Management LLC bought a new position in shares of RPM International in the fourth quarter worth approximately $86,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Price Performance

RPM opened at $107.33 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The stock has a fifty day simple moving average of $105.87 and a two-hundred day simple moving average of $107.66. RPM International Inc. has a 12-month low of $92.92 and a 12-month high of $129.12.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. RPM International’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts predict that RPM International Inc. will post 5.43 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, April 16th. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. RPM International’s dividend payout ratio (DPR) is presently 41.62%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Mizuho decreased their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Wall Street Zen raised shares of RPM International from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Morgan Stanley boosted their price objective on shares of RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Bank of America dropped their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.33.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.