Deutsche Bank AG Buys Shares of 233,908 RPM International Inc. $RPM

Deutsche Bank AG bought a new position in RPM International Inc. (NYSE:RPM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 233,908 shares of the specialty chemicals company’s stock, valued at approximately $25,999,000.

Several other large investors have also modified their holdings of RPM. Segall Bryant & Hamill LLC acquired a new stake in shares of RPM International during the 1st quarter valued at approximately $6,963,000. Horizon Investments LLC bought a new stake in shares of RPM International in the 4th quarter worth approximately $1,373,000. PFA Pension Forsikringsaktieselskab acquired a new position in RPM International during the 4th quarter valued at approximately $54,307,000. Inspire Trust Co. N.A. grew its stake in RPM International by 42.9% during the 4th quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the specialty chemicals company’s stock worth $3,120,000 after buying an additional 9,000 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new position in RPM International during the 2nd quarter worth $3,410,000. Institutional investors own 80.95% of the company’s stock.

RPM International Trading Down 1.4%

NYSE:RPM opened at $108.78 on Friday. The stock has a fifty day simple moving average of $109.29 and a 200 day simple moving average of $106.74. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. 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 (NYSE:RPM) last posted its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company earned $1.72 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that RPM International Inc. will post 6 earnings per share for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were given a $0.54 dividend. 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 is 41.86%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RPM shares. Citigroup raised their target price on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada upped their target price on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Bank of America raised their price target 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. Morgan Stanley cut their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. Finally, UBS Group raised RPM International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Company 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.