SBI Okasan Asset Management Co.Ltd. Invests $528,000 in RPM International Inc. $RPM

SBI Okasan Asset Management Co.Ltd. acquired a new position in RPM International Inc. (NYSE:RPM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the specialty chemicals company’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ares Financial Consulting LLC acquired a new stake in shares of RPM International in the fourth quarter worth $37,000. EverSource Wealth Advisors LLC boosted its holdings in RPM International by 21.2% during the third quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after buying an additional 108 shares in the last quarter. GGM Financials LLC purchased a new stake in RPM International during the third quarter worth $77,000. V Square Quantitative Management LLC purchased a new stake in RPM International during the fourth quarter worth $86,000. Finally, BOKF NA purchased a new stake in RPM International during the third quarter worth $118,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

Shares of RPM opened at $106.00 on Friday. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. The stock has a market cap of $13.53 billion, a PE ratio of 20.42, a P/E/G ratio of 2.73 and a beta of 1.04. The firm has a 50-day simple moving average of $101.71 and a two-hundred day simple moving average of $105.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44.

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

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, April 16th. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Robert W. Baird raised shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 target price for the company in a research note on Wednesday, March 4th. BMO Capital Markets cut their target price on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Citigroup boosted their target price on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings cut shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.42.

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.