Godshalk Welsh Capital Management Inc. boosted its stake in RPM International Inc. (NYSE:RPM) by 12.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 11,005 shares of the specialty chemicals company’s stock after purchasing an additional 1,200 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in RPM International were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of RPM. Parametric Portfolio Associates LLC lifted its stake in RPM International by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 262,415 shares of the specialty chemicals company’s stock valued at $15,231,000 after buying an additional 1,753 shares in the last quarter. Vaughan David Investments LLC IL lifted its stake in shares of RPM International by 1.2% during the 1st quarter. Vaughan David Investments LLC IL now owns 437,734 shares of the specialty chemicals company’s stock worth $25,406,000 after purchasing an additional 5,260 shares during the period. HGK Asset Management Inc. lifted its stake in shares of RPM International by 14.2% during the 1st quarter. HGK Asset Management Inc. now owns 96,842 shares of the specialty chemicals company’s stock worth $5,621,000 after purchasing an additional 12,070 shares during the period. Mason Street Advisors LLC lifted its stake in shares of RPM International by 0.7% during the 1st quarter. Mason Street Advisors LLC now owns 70,005 shares of the specialty chemicals company’s stock worth $4,063,000 after purchasing an additional 487 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of RPM International by 2.1% during the 1st quarter. California Public Employees Retirement System now owns 260,551 shares of the specialty chemicals company’s stock worth $15,122,000 after purchasing an additional 5,272 shares during the period. Hedge funds and other institutional investors own 76.85% of the company’s stock.
A number of research analysts have weighed in on RPM shares. Gabelli reissued a “buy” rating on shares of RPM International in a research note on Monday, April 8th. BMO Capital Markets reduced their price target on RPM International from $71.00 to $69.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. ValuEngine lowered RPM International from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. raised RPM International from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $50.00 to $55.00 in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.57.
RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. RPM International had a return on equity of 21.39% and a net margin of 3.96%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Equities research analysts anticipate that RPM International Inc. will post 2.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.55%. RPM International’s payout ratio is 47.95%.
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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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