Dorsey Wright & Associates Has $3.36 Million Position in RPM International Inc. (NYSE:RPM)

Dorsey Wright & Associates grew its stake in RPM International Inc. (NYSE:RPM) by 4.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,287 shares of the specialty chemicals company’s stock after buying an additional 1,093 shares during the period. Dorsey Wright & Associates’ holdings in RPM International were worth $3,358,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. DnB Asset Management AS raised its holdings in RPM International by 1.5% during the 4th quarter. DnB Asset Management AS now owns 23,878 shares of the specialty chemicals company’s stock worth $2,938,000 after purchasing an additional 351 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in RPM International in the fourth quarter valued at $9,161,000. TIAA Trust National Association boosted its position in RPM International by 6.6% during the fourth quarter. TIAA Trust National Association now owns 3,827 shares of the specialty chemicals company’s stock valued at $471,000 after acquiring an additional 237 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in RPM International during the 4th quarter worth about $5,612,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of RPM International by 4.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 22,457 shares of the specialty chemicals company’s stock worth $2,763,000 after acquiring an additional 872 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RPM. UBS Group boosted their price target on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Mizuho reduced their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Finally, Evercore ISI upgraded RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Price Performance

RPM stock opened at $114.10 on Friday. The company has a market capitalization of $14.67 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. RPM International Inc. has a 52-week low of $103.69 and a 52-week high of $141.79. The business has a 50-day simple moving average of $121.55 and a two-hundred day simple moving average of $126.52. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. RPM International’s revenue was up 3.0% compared to the same quarter last year. Research analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Friday, January 17th. RPM International’s payout ratio is 40.32%.

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.