MUFG Securities EMEA plc acquired a new position in RPM International Inc (NYSE:RPM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 225,000 shares of the specialty chemicals company’s stock, valued at approximately $10,726,000. MUFG Securities EMEA plc owned 0.17% of RPM International at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Elefante Mark B purchased a new position in shares of RPM International in the fourth quarter worth about $213,000. Opus Capital Group LLC purchased a new position in RPM International during the fourth quarter worth about $219,000. Logan Capital Management Inc. purchased a new position in RPM International during the fourth quarter worth about $230,000. Jump Trading LLC purchased a new position in RPM International during the fourth quarter worth about $299,000. Finally, Flinton Capital Management LLC raised its stake in RPM International by 24.1% during the fourth quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock worth $510,000 after purchasing an additional 1,888 shares during the period. Hedge funds and other institutional investors own 76.61% of the company’s stock.
A number of equities research analysts have weighed in on RPM shares. Seaport Global Securities reiterated a “buy” rating and set a $58.00 price target on shares of RPM International in a research report on Friday, April 6th. ValuEngine cut shares of RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BMO Capital Markets initiated coverage on shares of RPM International in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $60.00 price target for the company. JPMorgan Chase downgraded shares of RPM International from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $52.00 to $47.00 in a research note on Friday, March 16th. Finally, Zacks Investment Research downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.14.
RPM International opened at $50.88 on Friday, MarketBeat reports. The firm has a market cap of $6.66 billion, a PE ratio of 20.60, a P/E/G ratio of 1.79 and a beta of 1.45. RPM International Inc has a fifty-two week low of $49.88 and a fifty-two week high of $50.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.55 and a current ratio of 2.56.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, April 5th. The specialty chemicals company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.11. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. RPM International had a net margin of 7.23% and a return on equity of 24.28%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 EPS. equities research analysts expect that RPM International Inc will post 2.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Tuesday, April 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Monday, April 16th. RPM International’s dividend payout ratio (DPR) is presently 51.82%.
RPM International Profile
RPM International Inc manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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