RPM International Inc. $RPM is Fairway Wealth LLC’s 4th Largest Position

Fairway Wealth LLC cut its position in shares of RPM International Inc. (NYSE:RPM) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 214,927 shares of the specialty chemicals company’s stock after selling 5,816 shares during the period. RPM International accounts for 5.5% of Fairway Wealth LLC’s investment portfolio, making the stock its 4th largest holding. Fairway Wealth LLC’s holdings in RPM International were worth $23,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in RPM. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 250 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 118 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of RPM International by 82.1% during the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after purchasing an additional 344 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of RPM International by 71.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock worth $106,000 after purchasing an additional 384 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of RPM International by 28.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock worth $118,000 after purchasing an additional 239 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RPM has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RPM International in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Royal Bank Of Canada lowered their price objective on RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. UBS Group increased their price objective on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Finally, BMO Capital Markets increased their price objective on RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.70.

RPM International Stock Performance

Shares of NYSE RPM opened at $111.90 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $120.96 and its two-hundred day moving average is $114.63. The company has a market cap of $14.35 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.04 and a beta of 1.03. RPM International Inc. has a 12 month low of $95.28 and a 12 month high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 EPS. On average, equities analysts expect that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be given a dividend of $0.54 per share. This is a boost from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, October 20th. RPM International’s dividend payout ratio (DPR) is presently 38.13%.

Insider Activity

In other news, Director Frederick R. Nance sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the sale, the director directly owned 7,394 shares in the company, valued at approximately $882,547.84. The trade was a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.