GW&K Investment Management LLC Has $69.79 Million Stake in RPM International Inc. $RPM

GW&K Investment Management LLC decreased its holdings in RPM International Inc. (NYSE:RPM) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 592,000 shares of the specialty chemicals company’s stock after selling 21,231 shares during the quarter. GW&K Investment Management LLC’s holdings in RPM International were worth $69,785,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of RPM International by 21.7% in the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after buying an additional 63,532 shares in the last quarter. ABN Amro Investment Solutions acquired a new stake in RPM International in the 2nd quarter valued at about $6,553,000. Boston Trust Walden Corp raised its stake in shares of RPM International by 8.5% in the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after acquiring an additional 51,152 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of RPM International in the second quarter worth about $2,791,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of RPM International by 69.2% during the second quarter. Campbell & CO Investment Adviser LLC now owns 48,104 shares of the specialty chemicals company’s stock worth $5,284,000 after purchasing an additional 19,669 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RPM shares. Morgan Stanley restated a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. Mizuho set a $120.00 target price on RPM International in a research report on Thursday, January 8th. Robert W. Baird raised RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target on the stock in a research note on Wednesday. Finally, UBS Group decreased their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating on the stock in a report on Thursday, December 18th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Insiders Place Their Bets

In related news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total transaction of $379,576.71. Following the transaction, the vice president owned 21,248 shares of the company’s stock, valued at $2,343,866.88. This trade represents a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

RPM International Stock Performance

RPM stock opened at $108.75 on Thursday. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $129.12. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80. The company has a market cap of $13.93 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The business’s fifty day moving average is $111.25 and its 200-day moving average is $112.82.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a net margin of 8.79% and a return on equity of 22.49%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, January 16th. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

RPM International 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.