Achmea Investment Management B.V. Acquires 69,153 Shares of RPM International Inc. (NYSE:RPM)

Achmea Investment Management B.V. grew its holdings in shares of RPM International Inc. (NYSE:RPM) by 94.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 142,187 shares of the specialty chemicals company’s stock after acquiring an additional 69,153 shares during the period. Achmea Investment Management B.V. owned about 0.11% of RPM International worth $16,448,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of RPM International by 82.1% during the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock valued at $89,000 after acquiring an additional 344 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of RPM International by 355.5% during the first quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 3,985 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of RPM International by 302.8% during the fourth quarter. Jones Financial Companies Lllp now owns 4,507 shares of the specialty chemicals company’s stock valued at $555,000 after acquiring an additional 3,388 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of RPM International during the fourth quarter valued at $9,161,000. Finally, Rebalance LLC bought a new position in shares of RPM International during the fourth quarter valued at $246,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RPM shares. UBS Group dropped their price target on shares of RPM International from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company decreased their price objective on shares of RPM International from $140.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Royal Bank Of Canada decreased their price objective on shares of RPM International from $126.00 to $116.00 and set a “sector perform” rating for the company in a research report on Thursday, April 10th. BMO Capital Markets increased their price objective on shares of RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Finally, Citigroup started coverage on shares of RPM International in a research report on Monday, June 2nd. They set a “buy” rating and a $135.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.55.

RPM International Trading Up 1.1%

NYSE:RPM opened at $110.60 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.88 and a beta of 1.06. The firm has a fifty day simple moving average of $110.81 and a two-hundred day simple moving average of $116.82. RPM International Inc. has a 12 month low of $95.28 and a 12 month high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. RPM International had a return on equity of 25.08% and a net margin of 8.82%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, April 17th. RPM International’s payout ratio is 40.88%.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.