Danske Bank A S Makes New Investment in RPM International Inc. $RPM

Danske Bank A S purchased a new position in RPM International Inc. (NYSE:RPM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 180,630 shares of the specialty chemicals company’s stock, valued at approximately $20,077,000.

Other hedge funds also recently made changes to their positions in the company. Ares Financial Consulting LLC bought a new stake in shares of RPM International during the 4th quarter valued at $37,000. Los Angeles Capital Management LLC bought a new position in RPM International in the 4th quarter worth about $60,000. Rothschild Investment LLC boosted 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 worth $59,000 after purchasing an additional 549 shares during the period. Resources Management Corp CT ADV grew its holdings in RPM International by 21,566.7% during the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 647 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in RPM International during the 4th quarter valued at about $69,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Stock Down 0.9%

Shares of NYSE RPM opened at $110.67 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $109.25 and a 200-day moving average of $106.73. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.28 and a beta of 1.04. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $129.12.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the firm posted $1.72 earnings per share. RPM International’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RPM shares. Morgan Stanley lowered their price target 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. BMO Capital Markets boosted their price objective on shares of RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Bank of America upped their target price on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada raised their price target on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.