Janney Montgomery Scott LLC Buys 1,358 Shares of RPM International Inc. (NYSE:RPM)

Janney Montgomery Scott LLC grew its holdings in shares of RPM International Inc. (NYSE:RPMFree Report) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,804 shares of the specialty chemicals company’s stock after purchasing an additional 1,358 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of RPM International worth $8,515,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of RPM International during the 1st quarter valued at $56,000. Brown Brothers Harriman & Co. increased its position in shares of RPM International by 1,000.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 737 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 670 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of RPM International during the 2nd quarter valued at $81,000. Archer Investment Corp increased its position in shares of RPM International by 31.7% during the 2nd quarter. Archer Investment Corp now owns 955 shares of the specialty chemicals company’s stock valued at $86,000 after purchasing an additional 230 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its stake in shares of RPM International by 2,362.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 1,231 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 1,181 shares during the period. 78.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RPM International

In other RPM International news, VP Timothy R. Kinser sold 2,380 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $107.00, for a total value of $254,660.00. Following the sale, the vice president now owns 20,767 shares of the company’s stock, valued at approximately $2,222,069. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RPM shares. BMO Capital Markets increased their price target on RPM International from $125.00 to $127.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Mizuho started coverage on RPM International in a research note on Friday, January 12th. They set a “buy” rating and a $128.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.44.

Get Our Latest Analysis on RPM International

RPM International Stock Up 1.2 %

Shares of NYSE RPM opened at $107.81 on Friday. RPM International Inc. has a 52 week low of $78.52 and a 52 week high of $113.37. The business has a 50-day simple moving average of $108.22 and a two-hundred day simple moving average of $101.91. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.95. The company has a market cap of $13.89 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.60 and a beta of 1.03.

RPM International (NYSE:RPMGet Free Report) last issued its earnings results on Thursday, January 4th. The specialty chemicals company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.01). RPM International had a return on equity of 26.71% and a net margin of 7.15%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts anticipate that RPM International Inc. will post 5.01 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th were issued a $0.46 dividend. The ex-dividend date was Thursday, January 18th. This represents a $1.84 annualized dividend and a dividend yield of 1.71%. RPM International’s payout ratio is currently 45.10%.

About RPM International

(Free Report)

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.

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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