Posted by admin on Jul 1st, 2022
Farmers & Merchants Investments Inc. grew its position in RPM International Inc. (NYSE:RPM – Get Rating) by 200.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 802 shares of the specialty chemicals company’s stock after buying an additional 535 shares during the period. Farmers & Merchants Investments Inc.’s holdings in RPM International were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norwood Financial Corp bought a new position in RPM International in the 4th quarter worth about $38,000. Future Financial Wealth Managment LLC acquired a new stake in shares of RPM International in the 4th quarter worth approximately $49,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of RPM International in the 4th quarter worth approximately $53,000. Confluence Wealth Services Inc. acquired a new stake in shares of RPM International in the 4th quarter worth approximately $65,000. Finally, James Reed Financial Services Inc. acquired a new stake in shares of RPM International in the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.
A number of analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of RPM International in a research note on Monday. They issued an “outperform” rating and a $95.00 price target for the company. Wells Fargo & Company cut their target price on shares of RPM International from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Thursday, April 7th. TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a research note on Wednesday, June 8th. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Thursday, May 19th. Finally, BMO Capital Markets cut their target price on shares of RPM International from $115.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, April 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $99.43.
In other RPM International news, CAO Michael J. Laroche sold 1,476 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $83.55, for a total value of $123,319.80. Following the completion of the sale, the chief accounting officer now directly owns 6,525 shares of the company’s stock, valued at approximately $545,163.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.
RPM International stock opened at $78.72 on Friday. The firm has a market cap of $10.19 billion, a PE ratio of 22.82, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.84 and a current ratio of 1.45. The firm’s 50 day moving average price is $83.50 and its two-hundred day moving average price is $86.26. RPM International Inc. has a twelve month low of $74.56 and a twelve month high of $101.48.
RPM International (NYSE:RPM – Get Rating) last released its quarterly earnings data on Wednesday, April 6th. The specialty chemicals company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.08. RPM International had a net margin of 6.94% and a return on equity of 25.48%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts anticipate that RPM International Inc. will post 3.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, April 13th. RPM International’s dividend payout ratio is currently 46.38%.
RPM International Profile (Get Rating)
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.
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