RPM International Inc. (NYSE:RPM) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in RPM International Inc. (NYSE:RPM) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,183 shares of the specialty chemicals company’s stock after purchasing an additional 247 shares during the period. GAMMA Investing LLC’s holdings in RPM International were worth $269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RPM. Creative Financial Designs Inc. ADV raised its position in RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the third quarter valued at approximately $35,000. Eastern Bank bought a new stake in RPM International during the third quarter worth approximately $41,000. UMB Bank n.a. grew its position in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 281 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International during the 2nd quarter valued at $45,000. 80.95% of the stock is owned by institutional investors.

RPM International Stock Performance

Shares of NYSE:RPM opened at $121.71 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. RPM International Inc. has a 1-year low of $103.63 and a 1-year high of $141.79. The stock has a market capitalization of $15.66 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.98 and a beta of 1.02. The business has a 50-day moving average price of $131.57 and a two-hundred day moving average price of $123.13.

RPM International (NYSE:RPM) last posted 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 26.82% and a net margin of 8.43%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company earned $1.22 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that RPM International Inc. will post 5.56 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.51 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.68%. RPM International’s payout ratio is 42.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RPM shares. Royal Bank of Canada boosted their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $131.00.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares in the company, valued at $1,474,315.44. This represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,927 shares of company stock worth $1,037,214 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

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.