Northwestern Mutual Wealth Management Co. Takes Position in RPM International Inc. $RPM

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,512 shares of the specialty chemicals company’s stock, valued at approximately $1,391,000.

Other large investors also recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new stake in RPM International during the 4th quarter valued at $37,000. Danske Bank A S bought a new position in shares of RPM International in the 2nd quarter worth $47,000. Rothschild Investment LLC lifted its stake in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 549 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of RPM International during the 4th quarter worth $60,000. Finally, USA Financial Formulas bought a new stake in RPM International during the first quarter valued at about $67,000. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Citigroup raised 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. Morgan Stanley cut their price objective on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Bank of America boosted their price objective on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.00.

RPM International Price Performance

Shares of RPM opened at $106.95 on Wednesday. The firm has a market capitalization of $13.66 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $128.51. The company’s fifty day moving average price is $109.19 and its 200-day moving average price is $106.64.

RPM International (NYSE:RPM) last released its earnings results 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 firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $1.72 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that RPM International Inc. will post 6 EPS for the current year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date 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.