Danske Bank A S Has $17.42 Million Stake in RPM International Inc. $RPM

Key Points

• Danske Bank A/S boosted its Q4 holding in RPM by 13.7% to 167,459 shares, a stake worth about $17.42 million (roughly 0.13% of the company).
• RPM beat quarterly estimates, reporting $0.57 EPS vs $0.37 expected and $1.61 billion in revenue (up 8.9% year-over-year), and it pays a $0.54 quarterly dividend (annualized $2.16, ~2.1% yield).
• Analyst sentiment is generally favorable: the consensus is a "Moderate Buy" with 10 Buy and 5 Hold ratings and an average price target of $126.33.

Danske Bank A S boosted its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,459 shares of the specialty chemicals company's stock after acquiring an additional 20,176 shares during the period. Danske Bank A S owned 0.13% of RPM International worth $17,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in RPM International during the 4th quarter worth $37,000. Whittier Trust Co. of Nevada Inc. lifted its position in RPM International by 1.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 24,842 shares of the specialty chemicals company's stock worth $2,663,000 after acquiring an additional 375 shares during the last quarter. Farther Finance Advisors LLC lifted its position in RPM International by 122.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,336 shares of the specialty chemicals company's stock worth $347,000 after acquiring an additional 1,833 shares during the last quarter. Venturi Wealth Management LLC lifted its position in RPM International by 10.0% during the 4th quarter. Venturi Wealth Management LLC now owns 6,738 shares of the specialty chemicals company's stock worth $701,000 after acquiring an additional 614 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of RPM International during the 4th quarter worth about $86,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Mizuho dropped their price objective on shares of RPM International from $120.00 to $111.00 and set an "outperform" rating on the stock in a report on Monday, March 23rd. UBS Group upped their target price on shares of RPM International from $108.00 to $118.00 and gave the company a "neutral" rating in a research note on Friday, April 10th. Morgan Stanley upped their target price on shares of RPM International from $118.00 to $121.00 and gave the company an "equal weight" rating in a research note on Thursday, April 9th. Royal Bank Of Canada upped their target price on shares of RPM International from $126.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. raised shares of RPM International from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $117.00 to $115.00 in a research note on Friday, January 9th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RPM International currently has a consensus rating of "Moderate Buy" and an average price target of $126.33.

RPM International Price Performance

Shares of RPM stock opened at $101.34 on Monday. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12. The firm's 50 day moving average is $104.20 and its 200-day moving average is $107.25. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.58 and a beta of 1.04. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.20. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. Sell-side analysts forecast that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, April 16th. RPM International's payout ratio is currently 41.62%.

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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