Deutsche Bank AG Makes New Investment in RPM International Inc. $RPM

Key Points

• Deutsche Bank acquired 233,908 shares of RPM International during the second quarter, valued at approximately $26 million and representing about 0.18% of the company. Institutional investors and hedge funds collectively own 80.95% of RPM’s shares.
• Analyst sentiment remains generally positive, with 10 Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $126. UBS, BMO Capital Markets, and RBC recently raised their targets.
• RPM exceeded quarterly expectations, reporting EPS of $1.89 versus the $1.83 consensus and revenue of $2.23 billion, up 7.2% year over year. The company also maintains a quarterly dividend of $0.54 per share, equivalent to a 2.0% annualized yield.

Deutsche Bank AG bought a new stake in RPM International Inc. (NYSE:RPM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 233,908 shares of the specialty chemicals company's stock, valued at approximately $25,999,000. Deutsche Bank AG owned about 0.18% of RPM International at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RPM. Ares Financial Consulting LLC purchased a new stake in shares of RPM International in the fourth quarter valued at about $37,000. Rothschild Investment LLC boosted its stake 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 buying an additional 549 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in RPM International in the fourth quarter worth $60,000. USA Financial Formulas acquired a new stake in RPM International in the first quarter valued at $67,000. Finally, Resources Management Corp CT ADV lifted its holdings in RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company's stock valued at $68,000 after acquiring an additional 647 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group raised shares of RPM International from a "neutral" rating to a "buy" rating and upped their price target for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. BMO Capital Markets lifted their price target 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 cut RPM International from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings reiterated a "hold (c)" rating on shares of RPM International in a research report on Friday, July 24th. Finally, Royal Bank Of Canada upped their target price on RPM International from $126.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $126.00.

RPM International Trading Down 1.4%

NYSE RPM opened at $108.78 on Friday. The company has a market cap of $13.90 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.26 and a beta of 1.04. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $129.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16. The company 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 data 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts predict that RPM International Inc. will post 6 earnings per share for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were given 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 of this dividend was Tuesday, July 14th. RPM International's dividend payout ratio is 41.86%.

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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