1,825 Shares in RPM International Inc. (NYSE:RPM) Acquired by Longboard Asset Management LP

Longboard Asset Management LP bought a new stake in shares of RPM International Inc. (NYSE:RPM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,825 shares of the specialty chemicals company’s stock, valued at approximately $225,000.

Other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its stake in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Christopher J. Hasenberg Inc purchased a new stake in shares of RPM International in the third quarter worth about $35,000. Crews Bank & Trust purchased a new stake in shares of RPM International in the fourth quarter worth about $37,000. Eastern Bank bought a new position in shares of RPM International in the third quarter valued at approximately $41,000. Finally, UMB Bank n.a. grew its position in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

RPM has been the subject of a number of research reports. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group upped their price target on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Mizuho cut their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Stock Down 4.0 %

RPM opened at $121.53 on Tuesday. RPM International Inc. has a fifty-two week low of $103.63 and a fifty-two week 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. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.02 and a beta of 1.01. The company has a fifty day moving average of $128.36 and a two-hundred day moving average of $125.37.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. On average, research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, January 17th. RPM International’s dividend payout ratio is currently 40.32%.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

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.