GW&K Investment Management LLC Sells 29,271 Shares of RPM International Inc. $RPM

GW&K Investment Management LLC lessened its holdings in RPM International Inc. (NYSE:RPM) by 4.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 562,729 shares of the specialty chemicals company’s stock after selling 29,271 shares during the period. GW&K Investment Management LLC’s holdings in RPM International were worth $58,524,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RPM. Ares Financial Consulting LLC bought a new position in RPM International in the 4th quarter valued at approximately $37,000. Rothschild Investment LLC increased its position in RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 549 shares during the period. Los Angeles Capital Management LLC acquired a new stake in RPM International during the 4th quarter valued at approximately $60,000. Commonwealth Retirement Investments LLC acquired a new stake in RPM International during the 4th quarter valued at approximately $69,000. Finally, EverSource Wealth Advisors LLC increased its position in RPM International by 21.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $73,000 after purchasing an additional 108 shares during the period. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

RPM has been the subject of a number of recent analyst reports. Bank of America decreased their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada increased their target price on shares of RPM International from $126.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Weiss Ratings downgraded shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Morgan Stanley increased their target price on shares of RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.42.

RPM International Price Performance

Shares of NYSE:RPM opened at $107.44 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $102.87 and its two-hundred day simple moving average is $105.91. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. The stock has a market cap of $13.71 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.45 and a beta of 1.04.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $0.35 EPS. The business’s revenue was up 8.9% on a year-over-year basis. As a group, analysts forecast that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.