First National Bank of Omaha Buys New Stake in RPM International Inc. $RPM

Key Points

• First National Bank of Omaha purchased 18,507 RPM International shares worth approximately $2.06 million in the second quarter. Institutional investors and hedge funds collectively own 80.95% of the company.
• RPM International reported quarterly earnings of $1.89 per share, exceeding estimates by $0.06, while revenue rose 7.2% year over year to $2.23 billion.
• The company pays a quarterly dividend of $0.54, or $2.16 annually, representing a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $126.

First National Bank of Omaha purchased a new position in RPM International Inc. (NYSE:RPM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,507 shares of the specialty chemicals company's stock, valued at approximately $2,057,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of RPM International in the 2nd quarter valued at approximately $1,456,684,000. Bank of New York Mellon Corp bought a new position in shares of RPM International during the 2nd quarter worth approximately $118,220,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of RPM International during the 4th quarter worth approximately $54,307,000. California State Teachers Retirement System boosted its stake in RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company's stock valued at $41,065,000 after buying an additional 49,979 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in RPM International by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company's stock valued at $37,260,000 after buying an additional 888 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Up 0.9%

Shares of RPM opened at $111.53 on Thursday. 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 company has a market cap of $14.25 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.26 and a beta of 1.04. The stock has a fifty day moving average price of $109.19 and a two-hundred day moving average price of $106.70. RPM International Inc. has a 52-week low of $92.92 and a 52-week high of $129.12.

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 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 company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company posted $1.72 earnings per share. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. Analysts predict that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, July 14th. RPM International's dividend payout ratio (DPR) is presently 41.86%.

Analyst Ratings Changes

Several research analysts have issued reports on RPM shares. Wall Street Zen upgraded RPM International from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. Royal Bank Of Canada boosted their target price on shares of RPM International from $126.00 to $128.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Citigroup upped their target price on shares of RPM International from $125.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Bank of America increased their target price on shares of RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, 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 report on Thursday, July 23rd. Ten research 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 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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