Cibc World Markets Corp Sells 1,679 Shares of RPM International Inc. (NYSE:RPM)

Cibc World Markets Corp trimmed its holdings in shares of RPM International Inc. (NYSE:RPM) by 22.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,824 shares of the specialty chemicals company’s stock after selling 1,679 shares during the period. Cibc World Markets Corp’s holdings in RPM International were worth $717,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 84 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of RPM International by 4.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock worth $423,000 after acquiring an additional 132 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 155 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of RPM International by 7.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock worth $377,000 after acquiring an additional 216 shares during the period. Finally, Plato Investment Management Ltd lifted its holdings in shares of RPM International by 1.3% during the 4th quarter. Plato Investment Management Ltd now owns 17,547 shares of the specialty chemicals company’s stock worth $2,167,000 after acquiring an additional 228 shares during the period. 80.95% of the stock is owned by institutional investors.

RPM International Trading Up 0.3 %

RPM opened at $114.42 on Friday. RPM International Inc. has a 1-year low of $103.69 and a 1-year high of $141.79. The firm has a 50-day moving average price of $122.46 and a two-hundred day moving average price of $126.53. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $14.71 billion, a PE ratio of 22.61, a PEG ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM) last issued its quarterly earnings results 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. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $1.22 EPS. RPM International’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio is 40.32%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RPM. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Mizuho dropped their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price 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. Finally, Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

About RPM International

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.