GW&K Investment Management LLC Sells 29,271 Shares of RPM International Inc. $RPM

GW&K Investment Management LLC lowered its stake in shares of RPM International Inc. (NYSE:RPM) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 562,729 shares of the specialty chemicals company’s stock after selling 29,271 shares during the quarter. GW&K Investment Management LLC owned approximately 0.44% of RPM International worth $58,524,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL acquired a new position in RPM International during the 2nd quarter valued at about $402,000. Gabelli Funds LLC acquired a new position in RPM International during the 2nd quarter valued at about $1,534,000. California State Teachers Retirement System lifted its position in RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after purchasing an additional 63,532 shares during the period. Ameriprise Financial Inc. lifted its position in RPM International by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after purchasing an additional 888 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in RPM International by 5.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock valued at $1,321,000 after purchasing an additional 594 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

Shares of RPM opened at $107.44 on Wednesday. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.45 and a beta of 1.04. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. The company’s fifty day simple moving average is $102.87 and its 200 day simple moving average is $105.91. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts forecast that RPM International Inc. will post 5.46 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.16 annualized dividend and a yield of 2.0%. RPM International’s dividend payout ratio is currently 41.62%.

Wall Street Analyst Weigh In

RPM has been the topic of a number of analyst reports. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target on the stock in a research report on Wednesday, March 4th. Citigroup increased their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. BMO Capital Markets cut their price target on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, Royal Bank Of Canada increased their price target on shares of RPM International from $126.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.42.

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.