Life Cycle Investment Partners Ltd Buys Shares of 155,533 RPM International Inc. $RPM

Life Cycle Investment Partners Ltd bought a new stake in RPM International Inc. (NYSE:RPM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 155,533 shares of the specialty chemicals company’s stock, valued at approximately $16,175,000. Life Cycle Investment Partners Ltd owned approximately 0.12% of RPM International as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of RPM International in the 3rd quarter valued at approximately $30,000. Ares Financial Consulting LLC acquired a new position in shares of RPM International in the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its position in shares of RPM International by 21.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 108 shares in the last quarter. GGM Financials LLC acquired a new stake in shares of RPM International during the 3rd quarter valued at approximately $77,000. Finally, Covestor Ltd raised its position in shares of RPM International by 19.3% during the 3rd quarter. Covestor Ltd now owns 784 shares of the specialty chemicals company’s stock valued at $92,000 after acquiring an additional 127 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Price Performance

Shares of NYSE RPM opened at $100.86 on Friday. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. The business’s fifty day moving average price is $101.26 and its two-hundred day moving average price is $106.06. The firm has a market capitalization of $12.87 billion, a PE ratio of 19.43, a P/E/G ratio of 2.57 and a beta of 1.04.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts expect that RPM International Inc. will post 5.46 EPS for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.16 annualized dividend and a yield of 2.1%. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

Analyst Upgrades and Downgrades

RPM has been the topic of several research reports. Morgan Stanley upped their price target on RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Zacks Research raised RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Bank of America dropped their price target on RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Finally, BMO Capital Markets dropped their price target on RPM International from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.33.

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.