Kennedy Capital Management LLC Sells 6,956 Shares of RPM International Inc. (NYSE:RPM)

Kennedy Capital Management LLC lessened its holdings in shares of RPM International Inc. (NYSE:RPM) by 14.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 39,774 shares of the specialty chemicals company’s stock after selling 6,956 shares during the period. Kennedy Capital Management LLC’s holdings in RPM International were worth $4,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of RPM International in the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new position in RPM International in the first quarter worth about $38,000. GAMMA Investing LLC bought a new position in shares of RPM International in the fourth quarter worth approximately $75,000. Covestor Ltd raised its holdings in RPM International by 122.9% in the 1st quarter. Covestor Ltd now owns 740 shares of the specialty chemicals company’s stock worth $88,000 after acquiring an additional 408 shares during the last quarter. Finally, Heritage Wealth Advisors lifted its position in RPM International by 74.1% in the 1st quarter. Heritage Wealth Advisors now owns 1,125 shares of the specialty chemicals company’s stock valued at $134,000 after acquiring an additional 479 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Performance

Shares of NYSE:RPM traded up $1.24 during midday trading on Tuesday, hitting $119.61. The company had a trading volume of 740,749 shares, compared to its average volume of 628,063. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. The company has a fifty day moving average of $110.75 and a two-hundred day moving average of $111.24. RPM International Inc. has a 12-month low of $88.84 and a 12-month high of $121.63.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $1.36 EPS. The firm’s revenue was down .4% on a year-over-year basis. On average, equities research analysts expect that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a yield of 1.54%. RPM International’s dividend payout ratio is presently 42.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group decreased their price target on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Friday. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Tuesday, July 16th. Robert W. Baird raised their target price on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. downgraded shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $120.80.

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.