TIAA Trust National Association Buys 237 Shares of RPM International Inc. (NYSE:RPM)

TIAA Trust National Association lifted its position in RPM International Inc. (NYSE:RPM) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,827 shares of the specialty chemicals company’s stock after acquiring an additional 237 shares during the quarter. TIAA Trust National Association’s holdings in RPM International were worth $471,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Mizuho dropped their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Price Performance

RPM International stock opened at $116.40 on Friday. 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 Inc. has a one year low of $103.69 and a one year high of $141.79. The firm has a market capitalization of $14.97 billion, a P/E ratio of 23.00, a PEG ratio of 1.97 and a beta of 1.00. The business has a fifty day moving average price of $121.80 and a 200-day moving average price of $126.49.

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, beating analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm earned $1.22 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The company 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. This represents a $2.04 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, January 17th. RPM International’s dividend payout ratio is presently 40.32%.

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.