Commerce Bank Purchases New Holdings in RPM International Inc. $RPM

Key Points

• Commerce Bank acquired 76,395 RPM International shares worth approximately $8.49 million in the second quarter, giving it a 0.06% stake. Institutional investors and hedge funds collectively own 80.95% of the company.
• RPM International exceeded quarterly expectations, reporting $1.89 in earnings per share and $2.23 billion in revenue, with revenue up 7.2% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $126. The company also pays a quarterly dividend of $0.54 per share, representing a 2.0% yield.

Commerce Bank purchased a new stake in RPM International Inc. (NYSE:RPM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 76,395 shares of the specialty chemicals company's stock, valued at approximately $8,491,000. Commerce Bank owned approximately 0.06% of RPM International as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in shares of RPM International in the fourth quarter valued at $37,000. Danske Bank A S bought a new stake in RPM International in the 2nd quarter valued at $47,000. Rothschild Investment LLC increased its holdings in RPM International by 2,387.0% in the 4th 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 during the period. Los Angeles Capital Management LLC acquired a new position in shares of RPM International in the 4th quarter valued at $60,000. Finally, USA Financial Formulas bought a new position in shares of RPM International during the 1st quarter worth about $67,000. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Stock Performance

NYSE:RPM opened at $108.78 on Monday. The stock has a market capitalization of $13.90 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12. The firm has a 50 day moving average of $109.29 and a 200-day moving average of $106.74.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company earned $1.72 EPS. RPM International's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced 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 was Tuesday, July 14th. RPM International's dividend payout ratio is presently 41.86%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RPM. BMO Capital Markets lifted their target price on shares of RPM International from $143.00 to $151.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of RPM International from a "buy" rating to a "hold" rating in a research report on Saturday. Morgan Stanley cut their price target on shares of RPM International from $121.00 to $117.00 and set an "equal weight" rating for the company in a research note on Thursday, July 23rd. Royal Bank Of Canada lifted their price objective on RPM International from $126.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, Bank of America increased their target price on RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.00.

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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