Ferguson Wellman Capital Management Inc. Has $239,000 Stake in RPM International Inc. (NYSE:RPM)

Ferguson Wellman Capital Management Inc. decreased its holdings in RPM International Inc. (NYSE:RPM) by 84.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,939 shares of the specialty chemicals company’s stock after selling 10,290 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in RPM International were worth $239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after buying an additional 145,070 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of RPM International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after buying an additional 15,602 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of RPM International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock valued at $30,457,000 after buying an additional 5,947 shares in the last quarter. National Pension Service raised its position in shares of RPM International by 4.8% in the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after buying an additional 10,317 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of RPM International by 2,975.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after buying an additional 194,215 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

RPM has been the subject of several analyst reports. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Mizuho dropped their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Insiders Place Their Bets

In other news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the transaction, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

RPM International Trading Up 0.4 %

RPM opened at $122.00 on Tuesday. RPM International Inc. has a fifty-two week low of $103.68 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.97 and a beta of 1.01. The company’s 50 day moving average price is $126.69 and its two-hundred day moving average price is $125.67.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Friday, January 17th. RPM International’s payout ratio is 40.32%.

About RPM International

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.