Plato Investment Management Ltd purchased a new stake in shares of RPM International Inc. (NYSE:RPM – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 30,857 shares of the specialty chemicals company’s stock, valued at approximately $3,410,000.
Several other hedge funds also recently made changes to their positions in RPM. Ares Financial Consulting LLC acquired a new position in RPM International in the fourth quarter worth approximately $37,000. Rothschild Investment LLC grew its holdings in shares of RPM International by 2,387.0% during the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 549 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in RPM International during the fourth quarter valued at $60,000. USA Financial Formulas purchased a new stake in RPM International in the 1st quarter worth about $67,000. Finally, Resources Management Corp CT ADV lifted its stake in RPM International by 21,566.7% in the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 647 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.
Trending Headlines about RPM International
Here are the key news stories impacting RPM International this week:
- Positive Sentiment: Zacks raised its fiscal 2029 EPS estimate to $7.09, suggesting longer-term earnings expansion from the current full-year consensus estimate of $6.02.
- Positive Sentiment: The firm increased its Q1 fiscal 2027 EPS forecast to $1.96 from $1.93 and lifted its Q3 fiscal 2027 estimate to $0.63 from $0.58.
- Positive Sentiment: Zacks also raised its Q4 fiscal 2028 forecast to $2.35 from $2.34, providing some support for the longer-term outlook. RPM International stock information
RPM International Stock Down 0.1%
RPM International (NYSE:RPM – Get Free Report) last released its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. On average, analysts predict that RPM International Inc. will post 6 earnings per share for the current year.
RPM International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s payout ratio is currently 41.86%.
Analyst Ratings Changes
A number of brokerages recently commented on RPM. 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 report on Thursday, July 23rd. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Citigroup upped their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. Bank of America raised their price objective on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley decreased their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.
Get Our Latest Stock Analysis on RPM International
RPM International Profile
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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