BlackRock Inc. Takes Position in RPM International Inc. $RPM

BlackRock Inc. bought a new stake in shares of RPM International Inc. (NYSE:RPM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,105,565 shares of the specialty chemicals company's stock, valued at approximately $1,456,684,000. BlackRock Inc. owned approximately 10.26% of RPM International as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC bought a new position in RPM International in the first quarter worth about $6,963,000. Horizon Investments LLC bought a new stake in RPM International during the 4th quarter valued at approximately $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of RPM International during the 4th quarter worth approximately $54,307,000. Inspire Trust Co. N.A. grew its holdings in shares of RPM International by 42.9% during the 4th quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the specialty chemicals company's stock worth $3,120,000 after acquiring an additional 9,000 shares during the period. Finally, Plato Investment Management Ltd bought a new position in shares of RPM International in the 2nd quarter worth approximately $3,410,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

RPM International Stock Performance

Shares of RPM opened at $110.67 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 stock has a market cap of $14.14 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.28 and a beta of 1.04. The business's 50 day moving average price is $109.25 and its 200-day moving average price is $106.73. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $129.12.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.06. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $1.72 earnings per share. Equities research analysts anticipate that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed 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. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, July 14th. RPM International's dividend payout ratio (DPR) is currently 41.86%.

Analyst Ratings Changes

A number of research firms have recently commented on RPM. Bank of America raised their target price on RPM International from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of RPM International in a report on Friday, July 24th. Morgan Stanley lowered their price objective on RPM International from $121.00 to $117.00 and set an "equal weight" rating for the company in a research report on Thursday, July 23rd. UBS Group upgraded shares of RPM International from a "neutral" rating to a "buy" rating and boosted their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, 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 report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $126.00.

RPM International Company 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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