Coastline Trust Co Reduces Holdings in RPM International Inc. (NYSE:RPM)

Coastline Trust Co cut its holdings in RPM International Inc. (NYSE:RPM) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,652 shares of the specialty chemicals company’s stock after selling 208 shares during the period. Coastline Trust Co’s holdings in RPM International were worth $572,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RPM. United Capital Financial Advisors LLC increased its stake in shares of RPM International by 2.6% in the fourth quarter. United Capital Financial Advisors LLC now owns 15,891 shares of the specialty chemicals company’s stock worth $1,956,000 after purchasing an additional 408 shares in the last quarter. Sterling Capital Management LLC raised its holdings in RPM International by 47.3% during the fourth quarter. Sterling Capital Management LLC now owns 6,296 shares of the specialty chemicals company’s stock valued at $775,000 after acquiring an additional 2,022 shares during the period. Abacus FCF Advisors LLC boosted its stake in shares of RPM International by 46.1% in the fourth quarter. Abacus FCF Advisors LLC now owns 30,245 shares of the specialty chemicals company’s stock worth $3,722,000 after acquiring an additional 9,548 shares during the period. Geode Capital Management LLC lifted its holdings in RPM International by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock worth $336,198,000 after purchasing an additional 79,256 shares in the last quarter. Finally, Dorsey Wright & Associates boosted its stake in RPM International by 4.2% in the 4th quarter. Dorsey Wright & Associates now owns 27,287 shares of the specialty chemicals company’s stock worth $3,358,000 after purchasing an additional 1,093 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Trading Down 0.0 %

Shares of NYSE:RPM opened at $103.14 on Friday. The business has a 50-day moving average price of $115.22 and a 200-day moving average price of $124.63. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.97 and a beta of 1.06. RPM International Inc. has a 52-week low of $95.28 and a 52-week high of $141.79. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts predict that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.51 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.04 annualized dividend and a yield of 1.98%. RPM International’s dividend payout ratio (DPR) is 40.88%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Royal Bank of Canada decreased their target price on RPM International from $126.00 to $116.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 10th. BMO Capital Markets reduced their price objective on RPM International from $154.00 to $126.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Robert W. Baird reduced their price target on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.10.

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.