RPM International Inc. (NYSE:RPM).
Zurcher Kantonalbank (zurich Cantonalbank) says it increased its investment in RPM International Inc. stock by 13.4% in the last quarter. Its stake was worth $311,000 an increase of 12.3% as of the end of the quarter.
Here are a few other firms who have updated their positions. Cambridge Investment Research Advisors, Inc. downsized its investment by selling 781 shares a decrease of 13.6% in the quarter. Cambridge Investment Research Advisors, Inc. currently owns 4,972 shares with a value of $271,000. The total value of its holdings decreased 14.5%. Victory Capital Management Inc reduced its position by shedding 207,106 shares a decrease of 15.1%. Victory Capital Management Inc claims 1,165,755 shares worth $63,592,000. The value of the position overall is down by 13.9%.
One Capital Management, LLC bolstered its stake by buying 1,884 shares an increase of 4.6% from 03/31/2017 to 06/30/2017. One Capital Management, LLC controls 42,456 shares valued at $2,316,000. The value of the position overall is up by 3.7%.
Equity analyst Seaport Global initiated coverage on the stock giving it an initial rating of “Accumulate” and establishing a price target of $48.00. On October 14 analysts at RBC Capital released its first research report on the stock by announcing an initial rating of “Sector Perform” and price target of $47.00.
July 28 investment analysts at JP Morgan made no change to the stock rating of “Neutral” but lowered the price expectation from $47.00 to $44.00. On March 9 Piper Jaffray left the company rating at “Overweight” and raised the price target to $57.00 from $54.00.
December 12 investment analysts at Credit Suisse made no change to the company rating of “Outperform” but moved up the price target to $56.00 from $52.00. On October 23 JP Morgan maintained a company rating of “Neutral” and lowered the price expectation from $45.00 to $42.00.
The company is so far trading up by 0.06 percent from yesterday’s close. RPM International Inc. also declared a dividend for shareholders that was paid on Monday July 31st, 2017. The dividend payment was $0.300 per share for the quarter or $1.20 annualized. This dividend amount represented a yeild of $2.34. The ex-dividend date was Thursday the 13th of July 2017.
The stock last traded at $51.04 which is just under $54.46, the 50 day moving average and which is just a bit below the 200 day moving average of $53.53. The 50 day moving average moved down $-3.29 and the 200 day average was down $-2.36.
The company currently has a P/E ratio of 37.49 and market capitalization is 6.84B. In the last earnings report the EPS was $1.37 and is projected to be $2.88 for the current year with 133,628,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.62 and the next full year EPS is anticipated to be $3.20.