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

Ferguson Wellman Capital Management Inc. lowered its position in RPM International Inc. (NYSE:RPM) by 84.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,939 shares of the specialty chemicals company’s stock after selling 10,290 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in RPM International were worth $239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after acquiring an additional 281 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of RPM International during the 3rd quarter valued at $1,095,000. Whittier Trust Co. lifted its position in shares of RPM International by 4.4% during the 3rd quarter. Whittier Trust Co. now owns 43,460 shares of the specialty chemicals company’s stock valued at $5,259,000 after acquiring an additional 1,839 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of RPM International by 3.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 21,585 shares of the specialty chemicals company’s stock valued at $2,612,000 after acquiring an additional 657 shares during the period. Finally, Eastern Bank acquired a new position in shares of RPM International during the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RPM. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock 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 on the stock in a research report on Wednesday, January 8th. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Performance

NYSE RPM opened at $122.00 on Tuesday. RPM International Inc. has a 1 year low of $103.68 and a 1 year 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 cap 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 has a fifty day moving average price of $126.69 and a 200-day moving average price of $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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts predict that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

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

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

RPM International 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.