RPM International Inc. $RPM Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in RPM International Inc. (NYSE:RPM) by 2.7% during the 1st quarter, Holdings Channel reports. The firm owned 630,505 shares of the specialty chemicals company’s stock after selling 17,283 shares during the quarter. Boston Trust Walden Corp’s holdings in RPM International were worth $62,672,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RPM. Lazard Asset Management LLC boosted its stake in RPM International by 5.8% during the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock valued at $184,000 after purchasing an additional 93 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of RPM International by 21.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after buying an additional 108 shares in the last quarter. LRI Investments LLC raised its stake in shares of RPM International by 6.6% in the 4th quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 108 shares in the last quarter. First American Bank lifted its holdings in shares of RPM International by 4.9% in the fourth quarter. First American Bank now owns 2,360 shares of the specialty chemicals company’s stock valued at $245,000 after buying an additional 110 shares during the period. Finally, Beese Fulmer Investment Management Inc. lifted its holdings in shares of RPM International by 2.0% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 5,894 shares of the specialty chemicals company’s stock valued at $613,000 after buying an additional 114 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on RPM. Morgan Stanley upped their price target on shares of RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. Mizuho dropped their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Citigroup lifted their price target on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.42.

RPM International Price Performance

NYSE RPM opened at $111.61 on Friday. The stock’s 50-day moving average price is $104.46 and its two-hundred day moving average price is $106.33. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The company has a market cap of $14.25 billion, a PE ratio of 21.51, a PEG ratio of 2.59 and a beta of 1.04. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.20. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. On average, analysts predict that RPM International Inc. will post 5.46 EPS for the current year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, July 14th. RPM International’s payout ratio is presently 41.62%.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.