Man Group plc Invests $1.83 Million in RPM International Inc. $RPM

Key Points

• Man Group purchased a new $1.83 million stake in RPM International during the second quarter, acquiring 16,487 shares. Institutional investors and hedge funds collectively own 80.95% of the company.
• RPM International reported quarterly results above expectations, with earnings of $1.89 per share and revenue of $2.23 billion, up 7.2% year over year.
• Shares recently traded at $101.99, while analysts maintain a “Moderate Buy” consensus with an average price target of $126; the company also pays a $0.54 quarterly dividend, yielding about 2.1%.

Man Group plc bought a new stake in RPM International Inc. (NYSE:RPM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 16,487 shares of the specialty chemicals company's stock, valued at approximately $1,833,000.

Other institutional investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new position in RPM International in the second quarter worth approximately $47,000. Rothschild Investment LLC increased its holdings in shares of RPM International by 2,387.0% during the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company's stock valued at $59,000 after acquiring an additional 549 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of RPM International during the fourth quarter valued at approximately $60,000. Castleark Management LLC acquired a new position in shares of RPM International during the second quarter worth approximately $64,000. Finally, USA Financial Formulas acquired a new position in shares of RPM International during the first quarter worth approximately $67,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Down 2.0%

NYSE RPM opened at $101.99 on Wednesday. The firm has a market capitalization of $13.01 billion, a P/E ratio of 19.77, a PEG ratio of 2.12 and a beta of 1.05. The business has a fifty day simple moving average of $108.96 and a 200 day simple moving average of $106.20. 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.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $1.72 EPS. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were issued a dividend of $0.54 per share. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.1%. RPM International's payout ratio is 41.86%.

Analysts Set New Price Targets

A number of analysts have commented on RPM shares. Bank of America boosted their price target 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. Weiss Ratings reiterated a "hold (c)" rating on shares of RPM International in a report on Friday, July 24th. BMO Capital Markets boosted their target price on shares of RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. UBS Group upgraded shares of RPM International from a "neutral" rating to a "buy" rating and upped their target price for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, Citigroup raised their price target on shares of RPM International from $125.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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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