Azimuth Capital Investment Management LLC Has $775,000 Position in RPM International Inc. (NYSE:RPM)

Azimuth Capital Investment Management LLC cut its position in shares of RPM International Inc. (NYSE:RPM) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,300 shares of the specialty chemicals company’s stock after selling 100 shares during the period. Azimuth Capital Investment Management LLC’s holdings in RPM International were worth $775,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RPM. EverSource Wealth Advisors LLC grew its stake in shares of RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 84 shares in the last quarter. Crews Bank & Trust bought a new position in RPM International in the fourth quarter valued at $37,000. Farther Finance Advisors LLC increased its stake in RPM International by 58.7% in the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 155 shares during the last quarter. Fairway Wealth LLC boosted its stake in shares of RPM International by 829.8% during the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 148.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock valued at $66,000 after acquiring an additional 320 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

RPM International stock opened at $105.76 on Thursday. The company has a market capitalization of $13.60 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.97 and a beta of 1.06. The stock’s 50 day moving average is $117.80 and its 200-day moving average is $125.53. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 12 month low of $95.28 and a 12 month high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts expect that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International’s payout ratio is currently 40.32%.

Analyst Ratings Changes

Several brokerages recently commented on RPM. Robert W. Baird reduced their price target on RPM International from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group upped their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company cut their target price on shares of RPM International from $140.00 to $116.00 and set an “overweight” rating for the company in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.10.

RPM International 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.