Western Wealth Management LLC Takes Position in RPM International Inc. $RPM

Key Points

• Western Wealth Management acquired 12,378 shares of RPM International worth approximately $1.38 million in the second quarter. Institutional investors and hedge funds now own 80.95% of the company.
• RPM International reported quarterly earnings of $1.89 per share, beating estimates of $1.83, while revenue rose 7.2% year over year to $2.23 billion.
• The company pays a quarterly dividend of $0.54 per share, equivalent to an annualized $2.16 dividend and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $126.

Western Wealth Management LLC acquired a new position in RPM International Inc. (NYSE:RPM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,378 shares of the specialty chemicals company's stock, valued at approximately $1,376,000.

Other large investors have also made changes to their positions in the company. Jupiter Topco LLC acquired a new position in shares of RPM International during the second quarter worth $1,002,000. Hsbc Holdings PLC bought a new stake in RPM International in the second quarter valued at $6,694,000. Ancora Advisors LLC acquired a new stake in RPM International in the second quarter valued at approximately $190,000. Castleark Management LLC bought a new stake in RPM International during the 2nd quarter valued at $64,000. Finally, Legal & General Group Plc bought a new position in shares of RPM International in the second quarter valued at approximately $37,713,000. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Price Performance

Shares of NYSE RPM opened at $106.95 on Wednesday. The company has a 50 day moving average of $109.19 and a 200 day moving average of $106.64. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $128.51. The firm has a market cap of $13.66 billion, a P/E ratio of 20.73, a PEG ratio of 2.18 and a beta of 1.04.

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, beating the consensus estimate of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the firm earned $1.72 EPS. The company's revenue was up 7.2% compared to the same quarter last year. As a group, research analysts expect that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RPM. UBS Group raised shares of RPM International from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Weiss Ratings restated a "hold (c)" rating on shares of RPM International in a research note on Friday, July 24th. BMO Capital Markets upped their price objective 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. Royal Bank Of Canada increased their target price 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. Finally, Wall Street Zen downgraded RPM International from a "buy" rating to a "hold" rating in a research report on Saturday. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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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