Oarsman Capital Inc. Decreases Stock Position in RPM International Inc. (NYSE:RPM)

Oarsman Capital Inc. decreased its position in shares of RPM International Inc. (NYSE:RPM) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,750 shares of the specialty chemicals company’s stock after selling 226 shares during the period. Oarsman Capital Inc.’s holdings in RPM International were worth $1,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of RPM International by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock worth $336,198,000 after acquiring an additional 79,256 shares during the last quarter. Dorsey Wright & Associates increased its holdings in RPM International by 4.2% during the 4th quarter. Dorsey Wright & Associates now owns 27,287 shares of the specialty chemicals company’s stock worth $3,358,000 after purchasing an additional 1,093 shares during the last quarter. DnB Asset Management AS raised its position in shares of RPM International by 1.5% in the 4th quarter. DnB Asset Management AS now owns 23,878 shares of the specialty chemicals company’s stock valued at $2,938,000 after purchasing an additional 351 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of RPM International during the 4th quarter valued at approximately $9,161,000. Finally, TIAA Trust National Association grew its position in shares of RPM International by 6.6% during the fourth quarter. TIAA Trust National Association now owns 3,827 shares of the specialty chemicals company’s stock worth $471,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Trading Down 4.0 %

Shares of NYSE:RPM opened at $108.13 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $120.27 and its 200 day moving average price is $126.26. The company has a market cap of $13.90 billion, a PE ratio of 21.37, a P/E/G ratio of 1.97 and a beta of 1.00. RPM International Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. Sell-side analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, April 17th. RPM International’s payout ratio is currently 40.32%.

Analysts Set New Price Targets

RPM has been the topic of a number of research analyst reports. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group lifted their price target on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Mizuho reduced their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

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.