Fairway Wealth LLC Raises Holdings in RPM International Inc. $RPM

Fairway Wealth LLC boosted its stake in RPM International Inc. (NYSE:RPM) by 4.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,336 shares of the specialty chemicals company’s stock after buying an additional 9,409 shares during the period. RPM International accounts for 5.6% of Fairway Wealth LLC’s portfolio, making the stock its 5th biggest holding. Fairway Wealth LLC owned about 0.17% of RPM International worth $26,445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RPM. Root Financial Partners LLC acquired a new stake in shares of RPM International in the 3rd quarter worth approximately $30,000. Florida Trust Wealth Management Co bought a new stake in RPM International during the third quarter worth approximately $206,000. Versant Capital Management Inc lifted its position in RPM International by 48.6% in the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 90 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in RPM International by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,678 shares of the specialty chemicals company’s stock valued at $28,843,000 after purchasing an additional 3,749 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its stake in RPM International by 64.0% during the 3rd quarter. Tributary Capital Management LLC now owns 16,578 shares of the specialty chemicals company’s stock valued at $1,954,000 after purchasing an additional 6,472 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $107.67, for a total value of $40,376.25. Following the transaction, the director owned 21,578 shares in the company, valued at approximately $2,323,303.26. This represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

RPM International Price Performance

RPM opened at $112.34 on Thursday. The firm has a market capitalization of $14.39 billion, a P/E ratio of 21.65, a PEG ratio of 2.57 and a beta of 1.11. The stock has a fifty day moving average of $106.51 and a 200-day moving average of $113.55. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $129.12.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. Equities analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, January 16th. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RPM. Morgan Stanley reissued a “buy” rating on shares of RPM International in a research note on Thursday, January 8th. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $117.00 to $115.00 in a research report on Friday, January 9th. Citigroup reduced their price objective on shares of RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada raised shares of RPM International from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $121.00 to $132.00 in a research note on Tuesday, December 9th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.75.

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.