Coastline Trust Co Lowers Position in RPM International Inc. (NYSE:RPM)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of RPM International by 55.3% during the fourth 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. Crews Bank & Trust bought a new position in shares of RPM International during the 4th quarter valued at about $37,000. Farther Finance Advisors LLC raised its holdings in shares of RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 155 shares in the last quarter. Fairway Wealth LLC boosted its stake in RPM International by 829.8% in the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 390 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 320 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RPM. JPMorgan Chase & Co. reduced their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. BMO Capital Markets dropped their target price on shares of RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Mizuho lowered their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada cut their price objective 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. Finally, Morgan Stanley dropped their price target on RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, RPM International has a consensus rating of “Moderate Buy” and an average target price of $124.10.

RPM International Stock Down 0.0 %

RPM stock opened at $103.14 on Friday. The business has a 50 day moving average of $115.22 and a 200 day moving average of $124.63. The firm has a market cap of $13.25 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. RPM International Inc. has a twelve month low of $95.28 and a twelve month 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 issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. RPM International’s revenue was down 3.0% compared to the same quarter last year. On average, research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International’s dividend payout ratio is currently 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.