RPM International Inc. (NYSE:RPM) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in RPM International Inc. (NYSE:RPM) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,472 shares of the specialty chemicals company’s stock after acquiring an additional 87,540 shares during the period. Bank of New York Mellon Corp’s holdings in RPM International were worth $176,034,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT raised its stake in shares of 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 valued at $423,000 after purchasing an additional 132 shares in the last quarter. Handelsbanken Fonder AB raised its stake in RPM International by 7.9% during the fourth quarter. Handelsbanken Fonder AB now owns 34,132 shares of the specialty chemicals company’s stock valued at $4,200,000 after buying an additional 2,500 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in RPM International by 2.5% during 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 buying an additional 5,947 shares during the last quarter. E. Ohman J or Asset Management AB acquired a new position in shares of RPM International in the 4th quarter worth approximately $505,000. Finally, Longboard Asset Management LP bought a new stake in shares of RPM International in the 4th quarter valued at approximately $225,000. 80.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RPM has been the topic of several research analyst reports. Mizuho reduced 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. JPMorgan Chase & Co. decreased their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group raised their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Performance

RPM opened at $121.73 on Friday. RPM International Inc. has a twelve month low of $103.68 and a twelve month high of $141.79. The stock has a market cap of $15.65 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The business’s 50 day moving average is $123.84 and its 200-day moving average is $126.06. 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 announced its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business earned $1.22 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

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

RPM International 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.