Keeley Teton Advisors LLC Lowers Position in RPM International Inc. (NYSE:RPM)

Keeley Teton Advisors LLC decreased its stake in shares of RPM International Inc. (NYSE:RPM) by 2.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 15,400 shares of the specialty chemicals company’s stock after selling 424 shares during the period. Keeley Teton Advisors LLC’s holdings in RPM International were worth $1,832,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of RPM. V Square Quantitative Management LLC purchased a new position in RPM International during the 4th quarter worth $25,000. Rise Advisors LLC bought a new stake in RPM International in the 1st quarter worth about $38,000. GAMMA Investing LLC purchased a new stake in RPM International in the 4th quarter valued at about $75,000. Covestor Ltd lifted its position in shares of RPM International by 122.9% during the 1st quarter. Covestor Ltd now owns 740 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 408 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in shares of RPM International by 11.2% in the 4th quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company’s stock worth $119,000 after buying an additional 107 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of NYSE RPM traded down $0.91 during midday trading on Friday, hitting $117.56. The company’s stock had a trading volume of 1,247,778 shares, compared to its average volume of 619,352. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $110.64 and a 200 day moving average price of $111.13. RPM International Inc. has a one year low of $88.84 and a one year high of $121.63.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.56. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. RPM International’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. On average, research analysts forecast that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a yield of 1.57%. RPM International’s dividend payout ratio (DPR) is 42.40%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RPM shares. Royal Bank of Canada increased their price target on RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a research report on Friday. Wells Fargo & Company lifted their target price on RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. downgraded shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Friday. Mizuho decreased their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a report on Friday. Finally, BMO Capital Markets lifted their price objective on shares of RPM International from $123.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, RPM International has an average rating of “Hold” and a consensus price target of $120.55.

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.