Keeley Teton Advisors LLC Sells 854 Shares of RPM International Inc. (NYSE:RPM)

Keeley Teton Advisors LLC trimmed its stake in shares of RPM International Inc. (NYSE:RPM) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,572 shares of the specialty chemicals company’s stock after selling 854 shares during the quarter. Keeley Teton Advisors LLC’s holdings in RPM International were worth $1,793,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in RPM International in the third quarter valued at about $1,295,000. Janney Montgomery Scott LLC increased its holdings in RPM International by 9.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company’s stock valued at $11,899,000 after buying an additional 8,725 shares during the period. Pensionfund Sabic acquired a new position in shares of RPM International in the 4th quarter valued at approximately $1,354,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of RPM International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after acquiring an additional 5,947 shares during the period. Finally, Tributary Capital Management LLC boosted its position in shares of RPM International by 34.5% during the 4th quarter. Tributary Capital Management LLC now owns 9,368 shares of the specialty chemicals company’s stock worth $1,153,000 after acquiring an additional 2,404 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho lowered their price objective 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. Morgan Stanley lowered their price target on RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Robert W. Baird lowered their target price on RPM International from $125.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Finally, BMO Capital Markets reduced their price target on shares of RPM International from $154.00 to $126.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.10.

RPM International Stock Down 0.9 %

Shares of NYSE RPM opened at $104.97 on Wednesday. The company has a 50 day simple moving average of $116.34 and a 200 day simple moving average of $125.02. 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 1 year low of $95.28 and a 1 year high of $141.79. The firm has a market cap of $13.48 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06.

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

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.94%. RPM International’s dividend payout ratio (DPR) is presently 40.88%.

RPM International 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.