Sanctuary Advisors LLC Makes New Investment in RPM International Inc. $RPM

Key Points

• Sanctuary Advisors LLC initiated a position in RPM International by purchasing 13,677 shares valued at approximately $1.52 million. Institutional investors and hedge funds collectively own 80.95% of the company.
• RPM International beat quarterly expectations, reporting $1.89 in earnings per share and $2.23 billion in revenue, with revenue up 7.2% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $126, while RPM pays a quarterly dividend of $0.54 per share, yielding about 2.0%.

Sanctuary Advisors LLC purchased a new position in shares of RPM International Inc. (NYSE:RPM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,677 shares of the specialty chemicals company's stock, valued at approximately $1,520,000.

Other hedge funds have also recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of RPM International during the first quarter worth $6,963,000. Horizon Investments LLC acquired a new position in shares of RPM International in the 4th quarter valued at $1,373,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of RPM International in the 4th quarter valued at $54,307,000. Plato Investment Management Ltd purchased a new position in RPM International in the 2nd quarter worth $3,410,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in RPM International during the 2nd quarter worth about $1,653,000. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Trading Up 0.5%

Shares of NYSE:RPM opened at $107.30 on Thursday. 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 Inc. has a 12-month low of $92.92 and a 12-month high of $128.51. The business has a 50 day moving average of $109.19 and a two-hundred day moving average of $106.59. The company has a market capitalization of $13.71 billion, a PE ratio of 20.79, a PEG ratio of 2.18 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last posted its 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 analyst estimates of $2.18 billion. During the same period in the previous year, the firm earned $1.72 EPS. The business's quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts forecast that RPM International Inc. will post 6 EPS for the current year.

RPM International Announces Dividend

The company also recently announced 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. 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 is presently 41.86%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price objective on RPM International from $126.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. UBS Group raised RPM International from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Citigroup upped their target price on RPM International from $125.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Morgan Stanley cut their price target on shares of RPM International from $121.00 to $117.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $126.00.

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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