Jones Financial Companies Lllp Buys 3,388 Shares of RPM International Inc. (NYSE:RPM)

Jones Financial Companies Lllp increased its stake in RPM International Inc. (NYSE:RPM) by 302.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,507 shares of the specialty chemicals company’s stock after buying an additional 3,388 shares during the period. Jones Financial Companies Lllp’s holdings in RPM International were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its stake in shares of RPM International by 13.2% during the third quarter. Crossmark Global Holdings Inc. now owns 9,797 shares of the specialty chemicals company’s stock valued at $1,186,000 after purchasing an additional 1,143 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of RPM International by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock worth $29,228,000 after purchasing an additional 1,919 shares during the period. Huntington National Bank raised its holdings in shares of RPM International by 1.0% during the third quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after purchasing an additional 108 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in RPM International by 8.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,805 shares of the specialty chemicals company’s stock worth $581,000 after acquiring an additional 382 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in RPM International during the third quarter worth $330,000. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

RPM has been the subject of a number of recent analyst reports. Mizuho cut their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group increased their price target on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Down 1.6 %

Shares of NYSE RPM opened at $120.57 on Tuesday. The business’s fifty day simple moving average is $123.52 and its 200-day simple moving average is $126.58. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The stock has a market cap of $15.50 billion, a P/E ratio of 23.83, a PEG ratio of 1.97 and a beta of 1.00. RPM International Inc. has a 12-month low of $103.69 and a 12-month high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company 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%. RPM International’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. As a group, equities analysts predict that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.69%. RPM International’s dividend payout ratio is presently 40.32%.

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.