Longboard Asset Management LP Acquires Shares of 1,825 RPM International Inc. (NYSE:RPM)

Longboard Asset Management LP bought a new position in RPM International Inc. (NYSE:RPM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,825 shares of the specialty chemicals company’s stock, valued at approximately $225,000.

Other hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its holdings in RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc acquired a new stake in shares of RPM International in the 3rd quarter valued at approximately $35,000. Crews Bank & Trust purchased a new stake in shares of RPM International in the fourth quarter valued at approximately $37,000. Eastern Bank acquired a new position in RPM International during the third quarter worth $41,000. Finally, UMB Bank n.a. raised its position in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Down 4.0 %

Shares of NYSE RPM opened at $121.53 on Tuesday. The stock has a market capitalization of $15.62 billion, a PE ratio of 24.02, a P/E/G ratio of 2.02 and a beta of 1.01. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $128.36 and a 200-day moving average of $125.37. RPM International Inc. has a 52-week low of $103.63 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. On average, analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.68%. RPM International’s payout ratio is 40.32%.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the transaction, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on RPM shares. Mizuho reduced their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Finally, UBS Group upped their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

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.