Kingswood Wealth Advisors LLC Purchases New Holdings in RPM International Inc. (NYSE:RPM)

Kingswood Wealth Advisors LLC acquired a new position in RPM International Inc. (NYSE:RPM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,842 shares of the specialty chemicals company’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new position in shares of RPM International in the 4th quarter worth about $357,000. United Services Automobile Association purchased a new stake in shares of RPM International during the 4th quarter worth approximately $1,131,000. Public Employees Retirement Association of Colorado raised its holdings in shares of 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 during the period. Boston Trust Walden Corp lifted its stake in RPM International by 2.9% in the fourth quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock valued at $54,553,000 after purchasing an additional 13,860 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in RPM International by 534.7% during the fourth quarter. BNP Paribas Financial Markets now owns 61,936 shares of the specialty chemicals company’s stock valued at $6,914,000 after purchasing an additional 52,177 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

NYSE RPM opened at $107.17 on Friday. The company’s 50 day simple moving average is $110.56 and its two-hundred day simple moving average is $111.05. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.39. RPM International Inc. has a 1 year low of $83.76 and a 1 year high of $120.74. The stock has a market capitalization of $13.80 billion, a PE ratio of 24.69, a P/E/G ratio of 1.51 and a beta of 1.03.

RPM International (NYSE:RPM) last issued its quarterly earnings data 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. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Analysts predict that RPM International Inc. will post 4.95 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. RPM International’s dividend payout ratio is presently 42.40%.

Analysts Set New Price Targets

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

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.