Congress Asset Management Co. Sells 233 Shares of RPM International Inc. (NYSE:RPM)

Congress Asset Management Co. decreased its holdings in RPM International Inc. (NYSE:RPM) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,268 shares of the specialty chemicals company’s stock after selling 233 shares during the quarter. Congress Asset Management Co.’s holdings in RPM International were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of RPM International by 2,975.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after buying an additional 194,215 shares during the last quarter. Geode Capital Management LLC increased its position in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after acquiring an additional 145,070 shares in the last quarter. Forsta AP Fonden raised its stake in shares of RPM International by 166.7% in the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $8,325,000 after acquiring an additional 43,000 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of RPM International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after purchasing an additional 15,602 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of RPM International by 56.8% during the third quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock valued at $4,164,000 after purchasing an additional 12,470 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of NYSE:RPM opened at $124.60 on Wednesday. The firm’s 50 day simple moving average is $125.03 and its 200 day simple moving average is $125.84. RPM International Inc. has a fifty-two week low of $103.68 and a fifty-two week high of $141.79. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 24.62, 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 current ratio of 2.23 and a quick ratio of 1.46.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share 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 for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the business posted $1.22 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.64%. RPM International’s payout ratio is 40.32%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI raised RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group upped their price target on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Mizuho lowered their price target 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. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.