Parametric Portfolio Associates LLC lifted its stake in RPM International Inc. (NYSE:RPM) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,415 shares of the specialty chemicals company’s stock after purchasing an additional 1,753 shares during the period. Parametric Portfolio Associates LLC owned about 0.20% of RPM International worth $15,231,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its holdings in RPM International by 5,778.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,112,225 shares of the specialty chemicals company’s stock worth $53,000 after buying an additional 3,059,278 shares during the last quarter. Geode Capital Management LLC lifted its stake in RPM International by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock valued at $75,428,000 after buying an additional 88,197 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in RPM International by 4.2% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,207,878 shares of the specialty chemicals company’s stock valued at $70,105,000 after acquiring an additional 48,379 shares during the last quarter. Norges Bank acquired a new position in RPM International in the 4th quarter valued at $63,851,000. Finally, GW&K Investment Management LLC raised its holdings in RPM International by 2.0% in the 4th quarter. GW&K Investment Management LLC now owns 719,571 shares of the specialty chemicals company’s stock valued at $42,296,000 after acquiring an additional 13,787 shares during the last quarter. Hedge funds and other institutional investors own 76.80% of the company’s stock.
A number of analysts have recently commented on RPM shares. BMO Capital Markets set a $71.00 price objective on RPM International and gave the stock a “buy” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. upgraded RPM International from an “underweight” rating to a “neutral” rating and increased their price target for the company from $50.00 to $55.00 in a report on Monday, April 8th. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. ValuEngine raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, June 22nd. Finally, Gabelli reaffirmed a “buy” rating on shares of RPM International in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.57.
RPM International (NYSE:RPM) last issued its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. RPM International had a net margin of 3.96% and a return on equity of 21.39%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. On average, sell-side analysts forecast that RPM International Inc. will post 2.56 EPS for the current year.
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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