Naples Money Management LLC Purchases Shares of 1,500 RPM International Inc. (NYSE:RPM)

Naples Money Management LLC acquired a new position in RPM International Inc. (NYSE:RPM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,500 shares of the specialty chemicals company’s stock, valued at approximately $167,000.

Several other hedge funds have also recently made changes to their positions in RPM. Cornerstone Planning Group LLC boosted its holdings in RPM International by 1,735.7% in the third quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 486 shares in the last quarter. Covestor Ltd increased its position in shares of RPM International by 274.8% during the third quarter. Covestor Ltd now owns 566 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 415 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in RPM International in the first quarter worth about $56,000. UniSuper Management Pty Ltd bought a new position in RPM International in the second quarter worth about $81,000. Finally, Resources Management Corp CT ADV lifted its holdings in RPM International by 2,362.0% in the second quarter. Resources Management Corp CT ADV now owns 1,231 shares of the specialty chemicals company’s stock worth $110,000 after buying an additional 1,181 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RPM. Mizuho raised their target price on RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, April 5th. UBS Group raised their price objective on RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Robert W. Baird upped their target price on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, BMO Capital Markets lowered their price target on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, RPM International has an average rating of “Moderate Buy” and an average price target of $115.11.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 1,835 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the sale, the director now owns 8,180 shares in the company, valued at $892,029. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other RPM International news, Director Frederick R. Nance sold 1,835 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now owns 8,180 shares of the company’s stock, valued at $892,029. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now owns 23,451 shares of the company’s stock, valued at $2,570,933.13. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

RPM International Stock Down 0.8 %

RPM International stock traded down $0.81 during trading hours on Friday, hitting $106.57. The stock had a trading volume of 633,391 shares, compared to its average volume of 622,775. The stock has a market capitalization of $13.72 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a quick ratio of 1.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average price is $113.77 and its 200-day moving average price is $106.84. RPM International Inc. has a 12-month low of $78.52 and a 12-month high of $120.74.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company earned $0.37 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that RPM International Inc. will post 4.94 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, April 18th. RPM International’s payout ratio is presently 42.40%.

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.