LS Investment Advisors LLC boosted its position in RPM International Inc. (NYSE:RPM) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,484 shares of the specialty chemicals company’s stock after acquiring an additional 953 shares during the quarter. LS Investment Advisors LLC’s holdings in RPM International were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Essex Savings Bank bought a new stake in RPM International in the fourth quarter valued at about $56,000. Tributary Capital Management LLC bought a new stake in RPM International in the fourth quarter valued at about $72,000. Meeder Asset Management Inc. bought a new stake in RPM International in the third quarter valued at about $117,000. We Are One Seven LLC bought a new stake in RPM International in the fourth quarter valued at about $153,000. Finally, Paloma Partners Management Co bought a new stake in RPM International in the third quarter valued at about $214,000. Hedge funds and other institutional investors own 77.57% of the company’s stock.
Shares of RPM stock opened at $56.43 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.83 and a quick ratio of 1.15. RPM International Inc. has a 52 week low of $46.36 and a 52 week high of $68.13. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 2.65 and a beta of 1.19.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Wednesday, January 16th were paid a $0.35 dividend. The ex-dividend date was Tuesday, January 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.48%. RPM International’s payout ratio is currently 47.95%.
RPM has been the subject of several research analyst reports. Vertical Research lowered RPM International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. JPMorgan Chase & Co. lowered RPM International from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $60.00 to $55.00 in a report on Monday, December 24th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating and issued a $59.00 price objective on shares of RPM International in a report on Sunday, January 6th. ValuEngine lowered RPM International from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Bank of America reissued a “buy” rating and issued a $75.00 price objective (up from $70.00) on shares of RPM International in a report on Thursday, November 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $65.25.
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About RPM International
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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