GSA Capital Partners LLP Makes New $890,000 Investment in RPM International Inc. $RPM

GSA Capital Partners LLP bought a new stake in shares of RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,007 shares of the specialty chemicals company’s stock, valued at approximately $890,000.

A number of other large investors also recently made changes to their positions in the business. Ares Financial Consulting LLC purchased a new stake in shares of RPM International in the fourth quarter worth approximately $37,000. Rothschild Investment LLC increased its stake in RPM International by 2,387.0% in the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 549 shares during the period. Los Angeles Capital Management LLC acquired a new position in RPM International in the 4th quarter valued at approximately $60,000. USA Financial Formulas purchased a new stake in RPM International in the 1st quarter worth approximately $67,000. Finally, Resources Management Corp CT ADV lifted its position in RPM International by 21,566.7% in the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 647 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

RPM has been the topic of several research analyst reports. Citigroup boosted their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Royal Bank Of Canada upped their target price on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, BMO Capital Markets raised their price target on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Stock Performance

Shares of RPM opened at $110.60 on Wednesday. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company’s fifty day moving average is $109.05 and its 200-day moving average is $106.68. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $129.12.

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

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is presently 41.86%.

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.