MetLife Investment Management LLC Raises Holdings in RPM International Inc. (NYSE:RPM)

MetLife Investment Management LLC boosted its stake in shares of RPM International Inc. (NYSE:RPM) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,788 shares of the specialty chemicals company’s stock after buying an additional 5,942 shares during the period. MetLife Investment Management LLC’s holdings in RPM International were worth $9,080,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of RPM International by 55.3% during 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 during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in RPM International by 4.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock worth $423,000 after purchasing an additional 132 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of RPM International by 58.7% during the fourth 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 during the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of RPM International by 7.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock valued at $377,000 after buying an additional 216 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in shares of 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 worth $2,167,000 after buying an additional 228 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

NYSE:RPM opened at $100.94 on Tuesday. The firm’s fifty day moving average is $114.83 and its two-hundred day moving average is $124.39. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.97 and a beta of 1.06. RPM International Inc. has a one year low of $95.28 and a one year high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. Research analysts expect that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International’s dividend payout ratio (DPR) is presently 40.88%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird lowered their target price on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Fermium Researc raised RPM International to a “hold” rating in a research report on Wednesday, April 9th. BMO Capital Markets lowered their price target on RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Mizuho lowered their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Seven 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 company’s stock. According to data from MarketBeat, RPM International has an average rating of “Moderate Buy” and a consensus price target of $124.10.

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.