Dearborn Partners LLC Takes Position in RPM International Inc. $RPM

Key Points

• Dearborn Partners bought 93,383 RPM International shares valued at approximately $9.3 million, giving it a 0.07% stake. Institutional investors collectively own 80.95% of the company.
• Analyst sentiment remains positive, with 10 Buy ratings and four Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $126.
• RPM reported quarterly earnings of $1.89 per share, exceeding estimates, 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.

Dearborn Partners LLC bought a new stake in shares of RPM International Inc. (NYSE:RPM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 93,383 shares of the specialty chemicals company's stock, valued at approximately $9,282,000. Dearborn Partners LLC owned about 0.07% of RPM International as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Danske Bank A S bought a new position in RPM International during the 2nd quarter valued at $47,000. Los Angeles Capital Management LLC bought a new stake in shares of RPM International in the 4th quarter worth $60,000. Rothschild Investment LLC raised its holdings in shares of RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company's stock valued at $59,000 after purchasing an additional 549 shares during the last quarter. Castleark Management LLC purchased a new stake in shares of RPM International in the second quarter valued at about $64,000. Finally, Resources Management Corp CT ADV lifted its position in shares of RPM International by 21,566.7% during the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company's stock valued at $68,000 after purchasing an additional 647 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on RPM shares. Royal Bank Of Canada increased their price target on RPM International from $126.00 to $128.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded RPM International from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. UBS Group raised RPM International from a "neutral" rating to a "buy" rating and raised their target price for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. BMO Capital Markets lifted their target price on RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of RPM International in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, RPM International presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.00.

RPM International Trading Down 1.4%

NYSE:RPM opened at $105.55 on Friday. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $128.51. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The firm's 50 day moving average is $109.14 and its 200 day moving average is $106.50. The stock has a market capitalization of $13.47 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 2.18 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company earned $1.72 earnings per share. RPM International's revenue was up 7.2% compared to the same quarter last year. Sell-side analysts expect 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 paid a dividend of $0.54 per share. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International's dividend payout ratio is presently 41.86%.

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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