Northwestern Mutual Wealth Management Co. Invests $1.39 Million in RPM International Inc. $RPM

Key Points

• Northwestern Mutual Wealth Management acquired 12,512 shares of RPM International worth approximately $1.39 million during the second quarter. Institutional investors now own 80.95% of the specialty chemicals company.
• RPM International exceeded quarterly expectations, reporting $1.89 in EPS versus an $1.83 consensus estimate and $2.23 billion in revenue, up 7.2% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $126 price target. RPM also pays a quarterly dividend of $0.54 per share, representing a 2.0% yield.

Northwestern Mutual Wealth Management Co. bought a new position in RPM International Inc. (NYSE:RPM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,512 shares of the specialty chemicals company's stock, valued at approximately $1,391,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC bought a new position in shares of RPM International in the 1st quarter valued at about $6,963,000. Horizon Investments LLC purchased a new stake in RPM International during the fourth quarter valued at approximately $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new stake in RPM International during the fourth quarter valued at approximately $54,307,000. Plato Investment Management Ltd bought a new stake in RPM International in the second quarter worth $3,410,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in RPM International during the second quarter worth $1,653,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RPM. Wall Street Zen downgraded shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday. Royal Bank Of Canada upped their price target on shares of RPM International from $126.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Bank of America increased their price objective 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. Citigroup raised their price objective on shares of RPM International from $125.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of RPM International in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

RPM International Price Performance

RPM International stock opened at $106.95 on Wednesday. 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 stock has a market cap of $13.66 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.04. The firm has a 50-day moving average of $109.19 and a two-hundred day moving average of $106.64. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $128.51.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The company's revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that RPM International Inc. will post 6 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were paid 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 currently 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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