Douglass Winthrop Advisors LLC Purchases Shares of 6,150 RPM International Inc. $RPM

Douglass Winthrop Advisors LLC purchased a new stake in RPM International Inc. (NYSE:RPM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,150 shares of the specialty chemicals company’s stock, valued at approximately $725,000.

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of RPM International during the 3rd quarter worth about $30,000. Versant Capital Management Inc grew its holdings in RPM International by 48.6% in the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 90 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in RPM International by 21.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $73,000 after buying an additional 108 shares during the last quarter. GGM Financials LLC bought a new position in RPM International in the 3rd quarter worth approximately $77,000. Finally, Covestor Ltd lifted its holdings in shares of RPM International by 19.3% during the third quarter. Covestor Ltd now owns 784 shares of the specialty chemicals company’s stock worth $92,000 after buying an additional 127 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

RPM International Stock Down 1.8%

RPM opened at $99.66 on Friday. The company has a market capitalization of $12.76 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. The firm’s fifty day moving average price is $110.90 and its two-hundred day moving average price is $111.95. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $129.12.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. On average, analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, January 16th. RPM International’s dividend payout ratio is 41.62%.

Analyst Ratings Changes

RPM has been the topic of a number of research reports. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of RPM International in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Royal Bank Of Canada raised shares of RPM International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $121.00 to $132.00 in a research report on Tuesday, December 9th. Finally, Citigroup decreased their target price on RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Insider Buying and Selling

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the sale, the vice president directly owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

RPM International Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.