GW&K Investment Management LLC Boosts Stake in RPM International Inc. (NYSE:RPM)

GW&K Investment Management LLC raised its holdings in shares of RPM International Inc. (NYSE:RPM) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606,270 shares of the specialty chemicals company’s stock after buying an additional 4,536 shares during the period. GW&K Investment Management LLC owned about 0.47% of RPM International worth $74,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Creative Financial Designs Inc. ADV boosted its holdings in RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 82 shares during the period. Crews Bank & Trust bought a new stake in shares of RPM International during the fourth quarter worth $37,000. UMB Bank n.a. boosted its stake in shares of RPM International by 84.0% during the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock valued at $81,000 after purchasing an additional 300 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of RPM International by 37.8% in the third quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 501 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new position in RPM International in the 4th quarter worth about $225,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Mizuho decreased their target price 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 RPM International from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, UBS Group lifted their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, RPM International presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Stock Performance

Shares of RPM International stock opened at $121.73 on Friday. RPM International Inc. has a one year low of $103.68 and a one year high of $141.79. The company has a market capitalization of $15.65 billion, a PE ratio of 24.06, a P/E/G ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company has a 50-day simple moving average of $123.84 and a two-hundred day simple moving average of $126.06.

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

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.68%. RPM International’s payout ratio is 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.