180,630 Shares in RPM International Inc. $RPM Purchased by Danske Bank A S

Key Points

• Danske Bank A/S purchased 180,630 shares of RPM International during the second quarter, valued at approximately $20.1 million. Institutional investors and hedge funds collectively own 80.95% of the company.
• RPM International reported quarterly earnings of $1.89 per share, exceeding estimates of $1.83, while revenue rose 7.2% year over year to $2.23 billion.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $126. The company also pays a quarterly dividend of $0.54 per share, yielding about 2.0% annually.

Danske Bank A S purchased a new stake in RPM International Inc. (NYSE:RPM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 180,630 shares of the specialty chemicals company's stock, valued at approximately $20,077,000. Danske Bank A S owned approximately 0.14% of RPM International as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of RPM International in the first quarter worth approximately $6,963,000. Horizon Investments LLC bought a new position in shares of RPM International in the fourth quarter valued at approximately $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of RPM International during the fourth quarter valued at approximately $54,307,000. Inspire Trust Co. N.A. boosted its position in shares of RPM International by 42.9% during the fourth quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the specialty chemicals company's stock valued at $3,120,000 after buying an additional 9,000 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in RPM International during the second quarter worth $3,410,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RPM. UBS Group raised RPM International from a "neutral" rating to a "buy" rating and increased their price target for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. Wall Street Zen raised shares of RPM International from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Citigroup upped their target price on shares of RPM International from $125.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of RPM International in a report on Friday, July 24th. Finally, Morgan Stanley dropped 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 research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, RPM International presently has an average rating of "Moderate Buy" and an average target price of $126.00.

RPM International Trading Down 0.9%

Shares of RPM opened at $110.67 on Friday. The business has a 50-day moving average of $109.25 and a 200 day moving average of $106.73. RPM International Inc. has a fifty-two week low of $92.92 and a fifty-two week high of $129.12. The firm has a market cap of $14.14 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68.

RPM International (NYSE:RPM - Get Free Report) last released 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 business 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 firm earned $1.72 earnings per share. As a group, research analysts forecast that RPM International Inc. will post 6 EPS for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were given a $0.54 dividend. 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 payout ratio is 41.86%.

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.

Want to see what other hedge funds are holding RPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RPM International Inc. (NYSE:RPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source