Syon Capital LLC Purchases New Position in RPM International Inc. $RPM

Syon Capital LLC purchased a new position in shares of RPM International Inc. (NYSE:RPM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,240 shares of the specialty chemicals company’s stock, valued at approximately $649,000.

Other institutional investors also recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab acquired a new position in shares of RPM International during the 4th quarter worth approximately $54,307,000. Life Cycle Investment Partners Ltd purchased a new stake in RPM International in the 4th quarter worth $16,175,000. Danske Bank A S purchased a new stake in RPM International in the 3rd quarter worth $17,362,000. California State Teachers Retirement System raised its position in RPM International by 21.7% during the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after acquiring an additional 63,532 shares during the period. Finally, SG Americas Securities LLC raised its position in RPM International by 1,863.4% during the fourth quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock worth $4,707,000 after acquiring an additional 42,952 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RPM shares. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Bank of America decreased their price target on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Wall Street Zen upgraded RPM International from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Robert W. Baird upgraded RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price objective for the company in a research note on Wednesday, March 4th. Finally, Mizuho reduced their target price on RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.42.

RPM International Price Performance

Shares of NYSE RPM opened at $104.51 on Thursday. The firm has a 50-day simple moving average of $103.00 and a 200-day simple moving average of $105.93. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $129.12.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company earned $0.35 EPS. RPM International’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that RPM International Inc. will post 5.46 earnings per share for the current fiscal year.

RPM International Dividend Announcement

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