Osmosis Investment Management UK Ltd Invests $4.20 Million in RPM International Inc. $RPM

Osmosis Investment Management UK Ltd purchased a new stake in RPM International Inc. (NYSE:RPM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 37,752 shares of the specialty chemicals company's stock, valued at approximately $4,196,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in RPM International during the second quarter worth about $1,456,684,000. Bank of New York Mellon Corp purchased a new position in RPM International in the second quarter valued at about $118,220,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of RPM International during the 4th quarter valued at approximately $54,307,000. Deutsche Bank AG acquired a new stake in shares of RPM International during the 2nd quarter valued at approximately $25,999,000. Finally, Danske Bank A S purchased a new stake in shares of RPM International during the 2nd quarter worth approximately $20,077,000. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Price Performance

RPM stock opened at $108.78 on Monday. The stock's 50 day moving average price is $109.29 and its 200 day moving average price is $106.74. The firm has a market cap of $13.90 billion, a P/E ratio of 21.08, a PEG ratio of 2.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.06. The company 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 business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 earnings per share. On average, sell-side analysts expect that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International's dividend payout ratio (DPR) is currently 41.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RPM shares. Bank of America upped their price target on RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. BMO Capital Markets lifted their price objective on RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Wall Street Zen downgraded RPM International from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group raised RPM International from a "neutral" rating to a "buy" rating and upped their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada raised their price target on RPM International from $126.00 to $128.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.00.

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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