60,300 Shares in RPM International Inc. $RPM Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired 60,300 shares of RPM International during the second quarter, valued at approximately $6.7 million. Institutional investors now own 80.95% of the specialty chemicals company.
• RPM International reported quarterly earnings of $1.89 per share, beating estimates of $1.83, while revenue rose 7.2% year over year to $2.23 billion. The company also pays a quarterly dividend of $0.54 per share, yielding about 2.0% annually.
• Analysts maintain a generally positive outlook, with RPM carrying a “Moderate Buy” consensus rating and an average price target of $126, compared with a recent share price of $106.79.

Hsbc Holdings PLC acquired a new stake in shares of RPM International Inc. (NYSE:RPM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 60,300 shares of the specialty chemicals company's stock, valued at approximately $6,694,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RPM. BlackRock Inc. purchased a new position in RPM International in the second quarter worth about $1,456,684,000. Bank of New York Mellon Corp bought a new position in shares of RPM International in the second quarter worth approximately $118,220,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter valued at approximately $54,307,000. Legal & General Group Plc purchased a new stake in shares of RPM International during the second quarter valued at approximately $37,713,000. Finally, Deutsche Bank AG bought a new stake in shares of RPM International during the second quarter valued at approximately $25,999,000. 80.95% of the stock is currently owned by institutional investors.

RPM International Stock Up 1.0%

RPM opened at $106.79 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $109.11 and a 200-day moving average price of $106.51. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $128.51. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.16 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the company posted $1.72 earnings per share. The firm's quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that RPM International Inc. will post 6 earnings per share for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International's dividend payout ratio is presently 41.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RPM shares. BMO Capital Markets upped their price objective on RPM International from $143.00 to $151.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. UBS Group raised RPM International from a "neutral" rating to a "buy" rating and lifted their target price for the stock 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 note on Friday, July 24th. Wall Street Zen downgraded RPM International from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Morgan Stanley lowered their price target on RPM International from $121.00 to $117.00 and set an "equal weight" rating on the stock in a 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. According to data from MarketBeat.com, RPM International has an average rating of "Moderate Buy" and a consensus target price of $126.00.

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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