EP Wealth Advisors LLC Takes $1.07 Million Position in RPM International Inc. $RPM

EP Wealth Advisors LLC acquired a new position in shares of RPM International Inc. (NYSE:RPM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,621 shares of the specialty chemicals company’s stock, valued at approximately $1,069,000.

A number of other hedge funds have also modified their holdings of the stock. Segall Bryant & Hamill LLC acquired a new stake in RPM International during the 1st quarter worth about $6,963,000. Horizon Investments LLC purchased a new stake in RPM International in the 4th quarter worth approximately $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter worth $54,307,000. Plato Investment Management Ltd acquired a new stake in shares of RPM International during the 2nd quarter valued at about $3,410,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in RPM International in the second quarter worth approximately $1,653,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Stock Performance

NYSE RPM opened at $108.78 on Monday. The company’s fifty day moving average is $109.29 and its two-hundred day moving average is $106.74. RPM International Inc. has a 52-week low of $92.92 and a 52-week high of $129.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.22 and a beta of 1.04.

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

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were issued 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 Tuesday, July 14th. RPM International’s payout ratio is 41.86%.

Wall Street Analyst Weigh In

RPM has been the subject of a number of analyst reports. Bank of America boosted their price target on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets lifted their target price on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.