PFA Pension Forsikringsaktieselskab Takes Position in RPM International Inc. $RPM

Key Points

• PFA Pension Forsikringsaktieselskab initiated a new stake in RPM by purchasing 516,915 shares worth about $54.3 million, representing roughly 0.40% of the company at quarter-end.
• RPM beat expectations for the quarter with $0.57 EPS vs. $0.37 expected and $1.61 billion in revenue (up 8.9% year‑over‑year), and analysts project about 5.46 EPS for the fiscal year.
• Analyst sentiment is a Moderate Buy with an average price target of $126.33, based on 10 Buy ratings and 5 Hold ratings.

PFA Pension Forsikringsaktieselskab bought a new stake in RPM International Inc. (NYSE:RPM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 516,915 shares of the specialty chemicals company's stock, valued at approximately $54,307,000. PFA Pension Forsikringsaktieselskab owned about 0.40% of RPM International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in RPM International during the 3rd quarter worth $30,000. Versant Capital Management Inc lifted its position in RPM International by 48.6% in the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 90 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in RPM International in the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC lifted its position in RPM International by 21.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company's stock worth $73,000 after buying an additional 108 shares in the last quarter. Finally, GGM Financials LLC acquired a new position in shares of RPM International during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Analysts Set New Price Targets

RPM has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of RPM International from $149.00 to $148.00 and set an "outperform" rating on the stock in a report on Monday, April 13th. Morgan Stanley upped their price target on shares of RPM International from $118.00 to $121.00 and gave the company an "equal weight" rating in a research note on Thursday, April 9th. Royal Bank Of Canada increased their target price on shares of RPM International from $126.00 to $130.00 and gave the stock an "outperform" rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of RPM International from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of RPM International from $138.00 to $126.00 and set a "buy" rating on the stock in a research report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, RPM International currently has a consensus rating of "Moderate Buy" and an average target price of $126.33.

RPM International Trading Down 0.5%

RPM opened at $101.34 on Friday. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The company has a market cap of $12.93 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a fifty day moving average price of $104.20 and a two-hundred day moving average price of $107.30.

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

RPM International Announces Dividend

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

About RPM International

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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