Horizon Investments LLC Acquires New Stake in RPM International Inc. $RPM

Key Points

• Horizon Investments LLC acquired a new stake of 13,262 shares in RPM International during Q4, valued at about $1.373 million, according to the latest 13F filing.
• RPM posted a strong quarter—EPS $0.57 vs. $0.37 consensus and revenue $1.61 billion (up 8.9% year-over-year)—and declared a quarterly dividend of $0.54 (2.1% yield).
• Institutional ownership stands at roughly 80.95%, with large holders actively adjusting positions, notably CalSTRS increasing its stake by 21.7% to 355,934 shares.

Horizon Investments LLC acquired a new stake in RPM International Inc. (NYSE:RPM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,262 shares of the specialty chemicals company's stock, valued at approximately $1,373,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL acquired a new stake in shares of RPM International in the second quarter valued at about $402,000. Gabelli Funds LLC acquired a new position in RPM International during the second quarter worth about $1,534,000. California State Teachers Retirement System boosted its position in RPM International by 21.7% during the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company's stock worth $39,096,000 after acquiring an additional 63,532 shares during the last quarter. Ameriprise Financial Inc. grew its stake in RPM International by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company's stock valued at $37,260,000 after acquiring an additional 888 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in RPM International by 5.2% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company's stock valued at $1,321,000 after acquiring an additional 594 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

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RPM International Stock Up 3.3%

RPM stock opened at $102.65 on Thursday. RPM International Inc. has a one year low of $92.92 and a one year high of $129.12. The firm has a market cap of $13.10 billion, a PE ratio of 19.78, a PEG ratio of 2.54 and a beta of 1.04. The firm's 50 day moving average price is $103.61 and its 200-day moving average price is $107.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28.

RPM International (NYSE:RPM - Get Free Report) last posted its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that RPM International Inc. will post 5.46 EPS for the current year.

RPM International Announces Dividend

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

Analyst Ratings Changes

RPM has been the topic of a number of research reports. UBS Group raised their target price on shares of RPM International from $108.00 to $118.00 and gave the stock a "neutral" rating in a research note on Friday, April 10th. JPMorgan Chase & Co. raised RPM International from a "neutral" rating to an "overweight" rating and cut their price target for the company from $117.00 to $115.00 in a report on Friday, January 9th. Morgan Stanley lifted their price objective on RPM International from $118.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 9th. Robert W. Baird upgraded RPM International from a "neutral" rating to an "outperform" rating and set a $125.00 target price for the company in a report on Wednesday, March 4th. Finally, KeyCorp restated a "sector weight" rating on shares of RPM International in a report on Friday, January 9th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.33.

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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