Putney Financial Group LLC Has $258,000 Stake in RPM International Inc. (NYSE:RPM)

Putney Financial Group LLC decreased its position in RPM International Inc. (NYSE:RPM) by 11.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,228 shares of the specialty chemicals company’s stock after selling 276 shares during the period. Putney Financial Group LLC’s holdings in RPM International were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in RPM International by 55.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 84 shares during the period. Farther Finance Advisors LLC lifted its position in RPM International by 58.7% in the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after buying an additional 155 shares in the last quarter. Fairway Wealth LLC lifted its position in RPM International by 829.8% in the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 390 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in RPM International by 148.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock worth $66,000 after buying an additional 320 shares in the last quarter. Finally, Curio Wealth LLC purchased a new stake in RPM International in the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RPM. Wells Fargo & Company cut their target price on shares of RPM International from $140.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley cut their target price on shares of RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Fermium Researc upgraded shares of RPM International to a “hold” rating in a research report on Wednesday, April 9th. Robert W. Baird cut their target price on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Finally, Royal Bank Of Canada cut their price target on shares of RPM International from $126.00 to $116.00 and set a “sector perform” rating on the stock in a report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.55.

RPM International Stock Performance

Shares of RPM opened at $106.91 on Friday. The company has a market capitalization of $13.73 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.81 and a beta of 1.06. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.38. The company’s fifty day moving average price is $110.25 and its 200 day moving average price is $117.73.

RPM International (NYSE:RPM) last announced its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a return on equity of 25.08% and a net margin of 8.82%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. As a group, analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a $0.51 dividend. The ex-dividend date was Thursday, April 17th. This represents a $2.04 annualized dividend and a yield of 1.91%. RPM International’s dividend payout ratio (DPR) is presently 40.88%.

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.