Corient Private Wealth LP Buys New Shares in RPM International Inc. $RPM

Corient Private Wealth LP bought a new position in shares of RPM International Inc. (NYSE:RPM) during the 2nd quarter, Holdings Channel.com reports. The firm bought 1,269,431 shares of the specialty chemicals company’s stock, valued at approximately $11,652,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Danske Bank A S purchased a new stake in RPM International in the 2nd quarter valued at about $47,000. Rothschild Investment LLC lifted its holdings in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 549 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of RPM International during the 4th quarter worth about $60,000. Castleark Management LLC acquired a new stake in shares of RPM International in the second quarter worth approximately $64,000. Finally, USA Financial Formulas acquired a new stake in shares of RPM International in the first quarter worth approximately $67,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Stock Up 1.0%

Shares of NYSE:RPM opened at $106.79 on Friday. The stock has a 50-day simple moving average of $109.11 and a 200-day simple moving average of $106.51. The stock has a market capitalization of $13.62 billion, a P/E ratio of 20.70, a PEG ratio of 2.17 and a beta of 1.04. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $128.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68.

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

RPM International Announces Dividend

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

Wall Street Analyst Weigh In

RPM has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Bank of America lifted their price target on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. BMO Capital Markets boosted their price objective on shares of RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada upped their price objective on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Citigroup increased their target price on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, RPM International currently has a consensus rating of “Moderate Buy” and an average 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.