SVB Wealth LLC Acquires New Shares in RPM International Inc. (NYSE:RPM)

SVB Wealth LLC acquired a new stake in shares of RPM International Inc. (NYSE:RPM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,807 shares of the specialty chemicals company’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RPM. GW&K Investment Management LLC grew its position in RPM International by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock worth $74,607,000 after purchasing an additional 4,536 shares during the last quarter. Bank of New York Mellon Corp grew its position in RPM International by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock worth $176,034,000 after purchasing an additional 87,540 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its position in RPM International by 4.0% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock worth $423,000 after purchasing an additional 132 shares during the last quarter. Handelsbanken Fonder AB grew its position in RPM International by 7.9% in the 4th quarter. Handelsbanken Fonder AB now owns 34,132 shares of the specialty chemicals company’s stock worth $4,200,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in RPM International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after purchasing an additional 5,947 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

Shares of NYSE RPM opened at $123.03 on Tuesday. RPM International Inc. has a twelve month low of $103.68 and a twelve month high of $141.79. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.97 and a beta of 1.01. The firm has a 50-day moving average of $123.77 and a two-hundred day moving average of $126.34.

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

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio is presently 40.32%.

Analysts Set New Price Targets

A number of research analysts have recently commented on RPM shares. Mizuho lowered their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Finally, Evercore ISI raised RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

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.