Elevation Point Wealth Partners LLC Invests $1.22 Million in RPM International Inc. $RPM

Elevation Point Wealth Partners LLC purchased a new stake in RPM International Inc. (NYSE:RPM) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 10,942 shares of the specialty chemicals company’s stock, valued at approximately $1,216,000.

Several other institutional investors have also recently made changes to their positions in RPM. Daiichi Life Insurance Co. Ltd. purchased a new position in RPM International during the second quarter worth about $667,000. Commerce Bank purchased a new position in shares of RPM International during the second quarter worth about $8,491,000. Northwestern Mutual Wealth Management Co. bought a new stake in RPM International during the second quarter valued at approximately $1,391,000. Evolve Private Wealth LLC purchased a new position in RPM International in the 2nd quarter worth approximately $216,000. Finally, Korea Investment CORP bought a new position in shares of RPM International in the 2nd quarter worth $5,653,000. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of NYSE:RPM opened at $108.78 on Monday. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $129.12. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $109.29 and a 200-day moving average price of $106.74.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.06. The business 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 was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. As a group, equities analysts anticipate that RPM International Inc. will post 6 EPS for the current year.

RPM International Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RPM. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Wall Street Zen lowered RPM International from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup lifted their price target on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Bank of America upped their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.