EP Wealth Advisors LLC bought a new stake in shares of RPM International Inc. (NYSE:RPM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,621 shares of the specialty chemicals company's stock, valued at approximately $1,069,000.
Several other large investors have also recently added to or reduced their stakes in RPM. Segall Bryant & Hamill LLC acquired a new position in shares of RPM International during the first quarter valued at $6,963,000. Horizon Investments LLC bought a new position in RPM International in the 4th quarter worth approximately $1,373,000. PFA Pension Forsikringsaktieselskab acquired a new stake in RPM International in the 4th quarter valued at approximately $54,307,000. Plato Investment Management Ltd bought a new stake in RPM International during the 2nd quarter valued at $3,410,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in RPM International during the 2nd quarter valued at $1,653,000. 80.95% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. BMO Capital Markets increased their price target on RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Bank of America lifted their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. UBS Group upgraded shares of RPM International from a "neutral" rating to a "buy" rating and increased their target price for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. Wall Street Zen cut shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Morgan Stanley dropped their price target on shares of RPM International from $121.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 23rd. Ten 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 an average rating of "Moderate Buy" and a consensus target price of $126.00.
Check Out Our Latest Stock Analysis on RPM
RPM International Stock Up 0.1%
Shares of RPM stock opened at $108.78 on Monday. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The business's fifty day moving average is $109.29 and its 200-day moving average is $106.74. The stock has a market cap of $13.90 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04.
RPM International (NYSE:RPM - Get Free Report) last announced its 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 business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 earnings per share. Equities analysts expect that RPM International Inc. will post 6 earnings per share for the current fiscal year.
RPM International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were given 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 (DPR) is 41.86%.
RPM International Company Profile
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Free Report)
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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