Farther Finance Advisors LLC Buys 155 Shares of RPM International Inc. (NYSE:RPM)

Farther Finance Advisors LLC increased its stake in shares of RPM International Inc. (NYSE:RPM) by 58.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419 shares of the specialty chemicals company’s stock after buying an additional 155 shares during the quarter. Farther Finance Advisors LLC’s holdings in RPM International were worth $52,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in RPM International during the third quarter worth $1,295,000. Toronto Dominion Bank grew its stake in RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after purchasing an additional 4,062 shares during the period. Janney Montgomery Scott LLC grew its stake in RPM International by 9.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company’s stock valued at $11,899,000 after purchasing an additional 8,725 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in RPM International by 2,975.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after purchasing an additional 194,215 shares during the period. Finally, Geode Capital Management LLC grew its stake in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after purchasing an additional 145,070 shares during the period. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RPM. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Mizuho reduced their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group increased 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. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Stock Performance

Shares of RPM opened at $114.42 on Monday. The stock’s 50-day simple moving average is $122.46 and its 200 day simple moving average is $126.61. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. RPM International Inc. has a 52-week low of $103.69 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.78%. RPM International’s dividend payout ratio (DPR) is 40.32%.

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.