Bank of New York Mellon Corp Raises Position in RPM International Inc. (NYSE:RPM)

Bank of New York Mellon Corp lifted its stake in RPM International Inc. (NYSE:RPM – Get Rating) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,555,552 shares of the specialty chemicals company’s stock after buying an additional 98,640 shares during the period. Bank of New York Mellon Corp’s holdings in RPM International were worth $129,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in shares of RPM International in the third quarter worth about $1,036,000. Cozad Asset Management Inc. boosted its position in shares of RPM International by 1.1% in the third quarter. Cozad Asset Management Inc. now owns 33,267 shares of the specialty chemicals company’s stock worth $2,771,000 after buying an additional 348 shares during the period. Forsta AP Fonden boosted its position in shares of RPM International by 84.7% in the second quarter. Forsta AP Fonden now owns 24,200 shares of the specialty chemicals company’s stock worth $1,905,000 after buying an additional 11,100 shares during the period. Aurora Investment Counsel boosted its position in shares of RPM International by 3.2% in the third quarter. Aurora Investment Counsel now owns 15,225 shares of the specialty chemicals company’s stock worth $1,268,000 after buying an additional 473 shares during the period. Finally, Congress Asset Management Co. MA boosted its position in shares of RPM International by 2.1% in the third quarter. Congress Asset Management Co. MA now owns 124,783 shares of the specialty chemicals company’s stock worth $10,396,000 after buying an additional 2,596 shares during the period. Hedge funds and other institutional investors own 81.50% of the company’s stock.

RPM International Trading Down 0.8 %

NYSE:RPM opened at $84.34 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.57 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $87.81 and its two-hundred day moving average is $92.60. RPM International Inc. has a 52 week low of $74.56 and a 52 week high of $106.50. The company has a market cap of $10.89 billion, a PE ratio of 20.47, a P/E/G ratio of 1.47 and a beta of 0.96.

RPM International (NYSE:RPM – Get Rating) last released its earnings results on Thursday, January 5th. The specialty chemicals company reported $1.10 EPS for the quarter, hitting analysts’ consensus estimates of $1.10. RPM International had a return on equity of 28.55% and a net margin of 7.46%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $0.79 EPS. RPM International’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that RPM International Inc. will post 4.37 EPS for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Friday, January 20th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Thursday, January 19th. RPM International’s payout ratio is 40.78%.

Analysts Set New Price Targets

RPM has been the subject of a number of analyst reports. KeyCorp initiated coverage on RPM International in a report on Wednesday, December 14th. They issued a “sector weight” rating for the company. BMO Capital Markets reduced their price target on RPM International from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Friday, January 6th. StockNews.com initiated coverage on RPM International in a report on Friday. They issued a “buy” rating for the company. Finally, Robert W. Baird reduced their price target on RPM International from $100.00 to $92.00 in a report on Friday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.78.

RPM International Profile

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RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group, and Specialty Products Group (SPG).