Advisors Preferred LLC Makes New $372,000 Investment in RPM International Inc. $RPM

Advisors Preferred LLC bought a new position in RPM International Inc. (NYSE:RPM) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,308 shares of the specialty chemicals company’s stock, valued at approximately $372,000.

A number of other large investors have also added to or reduced their stakes in the stock. GW&K Investment Management LLC grew its position in RPM International by 0.3% in the 1st quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company’s stock worth $70,370,000 after purchasing an additional 2,048 shares during the period. Boston Trust Walden Corp grew its position in RPM International by 18.1% in the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after purchasing an additional 92,358 shares during the period. Ameriprise Financial Inc. grew its position in RPM International by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after purchasing an additional 33,016 shares during the period. Baird Financial Group Inc. grew its position in RPM International by 6.3% in the 1st quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock worth $32,204,000 after purchasing an additional 16,549 shares during the period. Finally, Fairway Wealth LLC grew its position in RPM International by 50,413.3% in the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company’s stock worth $25,536,000 after purchasing an additional 220,306 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Down 0.9%

RPM opened at $108.32 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The firm’s fifty day moving average is $118.02 and its 200 day moving average is $115.26. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.03.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. RPM International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.84 EPS. On average, sell-side analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.51. RPM International’s dividend payout ratio is presently 40.37%.

Analyst Ratings Changes

RPM has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating for the company in a research report on Monday, October 6th. Wells Fargo & Company boosted their price objective on shares of RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. UBS Group boosted their price objective on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $129.00 in a research report on Tuesday, October 14th. Finally, Mizuho boosted their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.70.

Insider Buying and Selling

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the sale, the director owned 7,394 shares in the company, valued at $882,547.84. The trade was a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

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.