Russell Investments Group Ltd. Buys 105,925 Shares of RPM International Inc. (NYSE:RPM)

Russell Investments Group Ltd. raised its stake in shares of RPM International Inc. (NYSE:RPM) by 352.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 136,020 shares of the specialty chemicals company’s stock after acquiring an additional 105,925 shares during the quarter. Russell Investments Group Ltd.’s holdings in RPM International were worth $15,214,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RPM. Gilliland Jeter Wealth Management LLC bought a new position in shares of RPM International in the 4th quarter valued at approximately $742,000. GAMMA Investing LLC bought a new position in shares of RPM International in the fourth quarter valued at approximately $75,000. Naples Money Management LLC acquired a new stake in shares of RPM International in the fourth quarter worth $167,000. Strs Ohio bought a new stake in shares of RPM International during the 4th quarter worth $1,684,000. Finally, New York State Teachers Retirement System grew its stake in RPM International by 1.7% in the 4th quarter. New York State Teachers Retirement System now owns 146,563 shares of the specialty chemicals company’s stock valued at $16,361,000 after buying an additional 2,504 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RPM shares. BMO Capital Markets cut their target price on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a research report on Friday, April 5th. Mizuho boosted their price objective on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Robert W. Baird raised their target price on RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, UBS Group upped their price target on RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Insider Buying and Selling

In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares in the company, valued at $2,570,933.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now owns 23,451 shares in the company, valued at approximately $2,570,933.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 1,835 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.05, for a total transaction of $200,106.75. Following the sale, the director now owns 8,180 shares of the company’s stock, valued at approximately $892,029. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

RPM International Stock Performance

Shares of NYSE RPM opened at $109.22 on Friday. RPM International Inc. has a one year low of $78.52 and a one year high of $120.74. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $113.48 and a 200 day simple moving average of $107.48. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 1.70 and a beta of 1.06.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. Sell-side analysts expect that RPM International Inc. will post 4.94 EPS for the current year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were issued a $0.46 dividend. The ex-dividend date was Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. RPM International’s payout ratio is presently 42.40%.

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.