GAMMA Investing LLC Purchases 101 Shares of RPM International Inc. (NYSE:RPM)

GAMMA Investing LLC grew its position in RPM International Inc. (NYSE:RPM) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808 shares of the specialty chemicals company’s stock after purchasing an additional 101 shares during the quarter. GAMMA Investing LLC’s holdings in RPM International were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RPM. Boston Trust Walden Corp boosted its holdings in RPM International by 2.9% in the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock worth $54,553,000 after buying an additional 13,860 shares during the period. California State Teachers Retirement System raised its stake in RPM International by 6.7% during the 4th quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock valued at $26,708,000 after purchasing an additional 15,084 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in RPM International by 337.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock worth $24,649,000 after purchasing an additional 170,369 shares in the last quarter. New York State Teachers Retirement System boosted its stake in RPM International by 1.7% in the 4th quarter. New York State Teachers Retirement System now owns 146,563 shares of the specialty chemicals company’s stock worth $16,361,000 after purchasing an additional 2,504 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in RPM International by 352.0% in the 4th quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company’s stock worth $15,214,000 after purchasing an additional 105,925 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Price Performance

NYSE:RPM opened at $111.39 on Friday. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.39. The business has a 50 day simple moving average of $110.52 and a 200-day simple moving average of $111.04. RPM International Inc. has a 1 year low of $82.00 and a 1 year high of $120.74.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.37 earnings per share. RPM International’s revenue was up .4% on a year-over-year basis. Equities analysts forecast that RPM International Inc. will post 4.95 EPS for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, April 18th. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Analysts Set New Price Targets

Several equities analysts have recently commented on RPM shares. UBS Group boosted their target price on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Mizuho raised their price objective on RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Robert W. Baird boosted their target price on RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, BMO Capital Markets cut their price target on RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.11.

About RPM International

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.