Commerzbank Aktiengesellschaft FI Takes $1.03 Million Position in RPM International Inc. $RPM

Commerzbank Aktiengesellschaft FI purchased a new position in shares of RPM International Inc. (NYSE:RPM) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 9,874 shares of the specialty chemicals company’s stock, valued at approximately $1,027,000.

Several other hedge funds have also recently modified their holdings of RPM. Gamco Investors INC. ET AL acquired a new stake in shares of RPM International during the second quarter worth $402,000. Gabelli Funds LLC acquired a new stake in shares of RPM International during the second quarter worth $1,534,000. California State Teachers Retirement System lifted its holdings in shares of RPM International by 21.7% during the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after purchasing an additional 63,532 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of RPM International by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after purchasing an additional 888 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of RPM International by 5.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock worth $1,321,000 after purchasing an additional 594 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RPM has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings downgraded RPM International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. BMO Capital Markets decreased their price target on RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, UBS Group raised their target price on RPM International from $108.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.33.

RPM International Price Performance

RPM International stock opened at $95.28 on Friday. RPM International Inc. has a one year low of $92.92 and a one year high of $129.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28. The business has a fifty day moving average of $101.71 and a two-hundred day moving average of $106.47. The company has a market cap of $12.16 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04.

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

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.16 dividend on an annualized basis and a yield of 2.3%. RPM International’s dividend payout ratio (DPR) is 41.62%.

RPM International 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.