8,007 Shares in RPM International Inc. $RPM Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of RPM International Inc. (NYSE:RPM) in the second quarter, HoldingsChannel.com reports. The firm bought 8,007 shares of the specialty chemicals company’s stock, valued at approximately $890,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PFA Pension Forsikringsaktieselskab bought a new position in shares of RPM International in the fourth quarter worth about $54,307,000. California State Teachers Retirement System increased its position in RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after buying an additional 49,979 shares during the period. Ameriprise Financial Inc. increased its position in RPM International by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after buying an additional 888 shares during the period. Danske Bank A S lifted its holdings in shares of RPM International by 13.7% during the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after buying an additional 20,176 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new position in shares of RPM International during the fourth quarter worth approximately $16,175,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and increased their price target for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Bank of America raised their price target on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, BMO Capital Markets upped their price objective on shares of RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Stock Performance

RPM opened at $110.60 on Wednesday. The stock has a market cap of $14.13 billion, a PE ratio of 21.43, a P/E/G ratio of 2.33 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. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12. The stock’s 50 day simple moving average is $109.05 and its 200-day simple moving average is $106.68.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.RPM International’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. Sell-side analysts forecast that RPM International Inc. will post 6 EPS for the current year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders 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 dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is presently 41.86%.

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.