Dearborn Partners LLC acquired a new stake in RPM International Inc. (NYSE:RPM – Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 93,383 shares of the specialty chemicals company’s stock, valued at approximately $9,282,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Corient Private Wealth LP bought a new position in shares of RPM International in the second quarter worth $11,652,000. Caisse de depot et placement du Quebec purchased a new stake in RPM International during the 2nd quarter worth about $12,835,000. Man Group plc purchased a new position in RPM International during the 2nd quarter valued at about $1,833,000. Western Wealth Management LLC bought a new stake in shares of RPM International during the second quarter valued at about $1,376,000. Finally, Jupiter Topco LLC purchased a new stake in shares of RPM International in the second quarter worth about $1,002,000. Institutional investors own 80.95% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and raised their price target for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Morgan Stanley decreased their price target on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, BMO Capital Markets increased their price objective on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.
RPM International Price Performance
RPM opened at $105.55 on Friday. The stock has a 50-day moving average price of $109.14 and a 200-day moving average price of $106.50. RPM International Inc. has a 12-month low of $92.92 and a 12-month high of $128.51. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $13.47 billion, a P/E ratio of 20.46, a PEG ratio of 2.18 and a beta of 1.04.
RPM International (NYSE:RPM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.83 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 EPS. Equities analysts predict that RPM International Inc. will post 6 earnings per share for the current fiscal year.
RPM International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is 41.86%.
About RPM International
RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.
The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.
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