Fiduciary Alliance LLC Invests $1.10 Million in RPM International Inc. (NYSE:RPM)

Fiduciary Alliance LLC purchased a new stake in shares of RPM International Inc. (NYSE:RPM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,047 shares of the specialty chemicals company’s stock, valued at approximately $1,095,000.

A number of other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of RPM International in the 4th quarter valued at $25,000. HighPoint Advisor Group LLC acquired a new position in RPM International during the 4th quarter valued at about $630,000. Symmetry Partners LLC raised its stake in RPM International by 3.9% in the first quarter. Symmetry Partners LLC now owns 5,373 shares of the specialty chemicals company’s stock valued at $639,000 after buying an additional 200 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in RPM International by 3.0% in the first quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock worth $456,000 after acquiring an additional 110 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in RPM International by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock worth $96,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RPM. Morgan Stanley boosted their price objective on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. UBS Group dropped their price target on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada lifted their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. Finally, StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a report on Saturday. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $129.70.

RPM International Price Performance

Shares of RPM stock traded up $0.51 during trading hours on Monday, hitting $133.55. 69,898 shares of the company’s stock were exchanged, compared to its average volume of 645,924. RPM International Inc. has a fifty-two week low of $88.84 and a fifty-two week high of $133.72. The firm has a market cap of $17.19 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.97 and a beta of 1.00. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $119.65 and a two-hundred day moving average of $114.28.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 earnings per share. Sell-side analysts forecast that RPM International Inc. will post 5.55 EPS for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.53%. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, October 18th. RPM International’s payout ratio is presently 38.57%.

Insiders Place Their Bets

In other news, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the transaction, the chief executive officer now owns 1,039,040 shares in the company, valued at $120,590,982.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 61,691 shares of company stock worth $7,202,419. Corporate insiders own 1.60% of the company’s stock.

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.