Douglass Winthrop Advisors LLC Makes New Investment in RPM International Inc. $RPM

Douglass Winthrop Advisors LLC bought a new stake in RPM International Inc. (NYSE:RPM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,150 shares of the specialty chemicals company’s stock, valued at approximately $725,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairway Wealth LLC raised its position in RPM International by 4.4% during the third quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock valued at $26,445,000 after buying an additional 9,409 shares during the period. Boston Trust Walden Corp boosted its position in RPM International by 8.5% during the 3rd 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 period. Pacer Advisors Inc. boosted its position in RPM International by 242.2% during the 3rd quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company’s stock worth $2,330,000 after acquiring an additional 13,992 shares during the period. Quantbot Technologies LP purchased a new position in RPM International during the 2nd quarter valued at about $2,791,000. Finally, SG Americas Securities LLC grew its stake in RPM International by 105.9% during the 2nd quarter. SG Americas Securities LLC now owns 10,512 shares of the specialty chemicals company’s stock valued at $1,155,000 after acquiring an additional 5,406 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RPM. BMO Capital Markets reduced their price target on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research report on Monday, January 12th. UBS Group lowered their price target on shares of RPM International from $127.00 to $119.00 and set a “neutral” rating on the stock in a report on Thursday, December 18th. Finally, Zacks Research lowered RPM International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and an average price target of $128.00.

RPM International Price Performance

Shares of RPM opened at $99.66 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22. The firm has a market cap of $12.76 billion, a PE ratio of 19.20, a PEG ratio of 2.47 and a beta of 1.09. The firm’s 50 day moving average price is $110.90 and its 200 day moving average price is $111.95. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $129.12.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, research analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, January 16th. RPM International’s dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling at RPM International

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the sale, the vice president owned 21,248 shares of the company’s stock, valued at $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

About RPM International

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.