1,500 Shares in RPM International Inc. (NYSE:RPM) Bought by Naples Money Management LLC

Naples Money Management LLC purchased a new stake in RPM International Inc. (NYSE:RPM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,500 shares of the specialty chemicals company’s stock, valued at approximately $167,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RPM. Strs Ohio purchased a new stake in shares of RPM International in the 4th quarter valued at approximately $1,684,000. New York State Teachers Retirement System raised its stake in RPM International by 1.7% in the fourth quarter. New York State Teachers Retirement System now owns 146,563 shares of the specialty chemicals company’s stock valued at $16,361,000 after buying an additional 2,504 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in RPM International by 2.9% during the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock worth $54,553,000 after buying an additional 13,860 shares during the last quarter. WASHINGTON TRUST Co boosted its position in shares of RPM International by 11.2% during the 4th quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company’s stock worth $119,000 after acquiring an additional 107 shares in the last quarter. Finally, Schechter Investment Advisors LLC purchased a new position in shares of RPM International in the 4th quarter valued at about $214,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

RPM has been the topic of a number of research analyst reports. Mizuho lifted their target price on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Robert W. Baird upped their target price on shares of RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 5th. UBS Group raised their price target on RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, BMO Capital Markets decreased their price objective on RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.11.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 1,835 shares of RPM International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the transaction, the director now owns 8,180 shares of the company’s stock, valued at approximately $892,029. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now owns 23,451 shares in the company, valued at approximately $2,570,933.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick R. Nance sold 1,835 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the transaction, the director now directly owns 8,180 shares of the company’s stock, valued at $892,029. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

RPM International Price Performance

RPM International stock traded down $0.81 during midday trading on Friday, reaching $106.57. The company’s stock had a trading volume of 633,391 shares, compared to its average volume of 622,775. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.39 and a current ratio of 2.29. RPM International Inc. has a fifty-two week low of $78.52 and a fifty-two week high of $120.74. The firm has a market capitalization of $13.72 billion, a PE ratio of 24.56, a P/E/G ratio of 1.69 and a beta of 1.04. The stock’s 50 day simple moving average is $113.77 and its 200 day simple moving average is $106.84.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, equities research analysts forecast that RPM International Inc. will post 4.94 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. RPM International’s payout ratio is 42.40%.

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.