Bradley Foster & Sargent Inc. CT Grows Position in RPM International Inc. (NYSE:RPM)

Bradley Foster & Sargent Inc. CT raised its position in RPM International Inc. (NYSE:RPM) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,434 shares of the specialty chemicals company’s stock after purchasing an additional 132 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in RPM International were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its stake in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. Crews Bank & Trust purchased a new position in RPM International during the 4th quarter valued at $37,000. Eastern Bank purchased a new position in RPM International during the 3rd quarter valued at $41,000. UMB Bank n.a. grew its position in RPM International by 84.0% in the 4th quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock valued at $81,000 after acquiring an additional 300 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in RPM International by 37.8% in the third quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 501 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RPM. UBS Group boosted their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Mizuho dropped their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Evercore ISI upgraded RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Trading Down 1.6 %

Shares of NYSE:RPM opened at $121.13 on Friday. RPM International Inc. has a 12-month low of $103.68 and a 12-month high of $141.79. The business’s fifty day simple moving average is $124.40 and its 200-day simple moving average is $125.92. The company has a market capitalization of $15.57 billion, a PE ratio of 23.94, a P/E/G ratio of 1.97 and a beta of 1.01. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. As a group, equities research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.68%. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

RPM International Company 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.