Janney Montgomery Scott LLC Buys 8,725 Shares of RPM International Inc. (NYSE:RPM)

Janney Montgomery Scott LLC boosted its stake in RPM International Inc. (NYSE:RPM) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,692 shares of the specialty chemicals company’s stock after acquiring an additional 8,725 shares during the period. Janney Montgomery Scott LLC owned 0.08% of RPM International worth $11,899,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its position in shares of RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the third quarter worth approximately $35,000. Eastern Bank bought a new stake in RPM International in the third quarter worth approximately $41,000. UMB Bank n.a. lifted its stake in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 281 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of RPM International during the 2nd quarter worth approximately $71,000. Institutional investors own 80.95% of the company’s stock.

RPM International Trading Down 0.4 %

NYSE:RPM opened at $126.38 on Monday. RPM International Inc. has a 1 year low of $103.63 and a 1 year high of $141.79. The stock’s fifty day moving average price is $129.63 and its two-hundred day moving average price is $124.79. 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 company has a market cap of $16.25 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.03 and a beta of 1.02.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) 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 the consensus estimate of $1.79 billion. During the same period in the prior year, the firm posted $1.22 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts expect that RPM International Inc. will post 5.51 EPS for the current year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, January 17th. RPM International’s dividend payout ratio is currently 40.32%.

Insiders Place Their Bets

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares in the company, valued at $1,474,315.44. This represents a 23.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on RPM. Mizuho decreased their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upped their price target on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, UBS Group boosted their price target on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Company Profile

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.