53,700 Shares in RPM International Inc. $RPM Acquired by Tribune Investment Group LP

Tribune Investment Group LP bought a new stake in RPM International Inc. (NYSE:RPM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 53,700 shares of the specialty chemicals company’s stock, valued at approximately $5,969,000. RPM International comprises about 2.4% of Tribune Investment Group LP’s investment portfolio, making the stock its 8th largest position.

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

RPM International Price Performance

RPM stock opened at $108.78 on Monday. 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 P/E ratio of 21.08, a P/E/G ratio of 2.22 and a beta of 1.04. The business’s 50-day moving average is $109.29 and its two-hundred day moving average is $106.74. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12.

RPM International (NYSE:RPM) last announced 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. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the business posted $1.72 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on RPM. Citigroup boosted their price target on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Bank of America lifted their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reduced their target price on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and raised their price target for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and an average 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.