River Road Asset Management LLC Acquires Shares of 64,015 RPM International Inc. $RPM

River Road Asset Management LLC bought a new stake in shares of RPM International Inc. (NYSE:RPM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 64,015 shares of the specialty chemicals company’s stock, valued at approximately $6,658,000.

A number of other hedge funds also recently modified their holdings of the stock. State of Tennessee Department of Treasury raised its stake in RPM International by 12.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 49,711 shares of the specialty chemicals company’s stock valued at $5,317,000 after purchasing an additional 5,571 shares in the last quarter. Jump Financial LLC acquired a new stake in RPM International during the fourth quarter worth about $1,026,000. California State Teachers Retirement System increased its holdings in RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock valued at $41,065,000 after buying an additional 49,979 shares during the period. Russell Investments Group Ltd. increased its holdings in RPM International by 3.6% in the 4th quarter. Russell Investments Group Ltd. now owns 62,270 shares of the specialty chemicals company’s stock valued at $6,476,000 after buying an additional 2,165 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of RPM International by 23.6% in the 4th quarter. Captrust Financial Advisors now owns 21,853 shares of the specialty chemicals company’s stock valued at $2,273,000 after buying an additional 4,168 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RPM. Citigroup upped their price target on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. BMO Capital Markets lowered their price objective on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada upped their target price on RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Bank of America reduced their target price on RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, UBS Group raised RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.42.

RPM International Trading Up 0.2%

NYSE RPM opened at $108.18 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $129.12. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.52 and a beta of 1.04. The business’s fifty day moving average is $104.16 and its 200 day moving average is $106.01.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. As a group, sell-side analysts expect that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, April 16th. RPM International’s payout ratio is 41.62%.

RPM International Profile

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.