Deutsche Bank AG Makes New Investment in RPM International Inc. $RPM

Deutsche Bank AG bought a new stake in RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 233,908 shares of the specialty chemicals company’s stock, valued at approximately $25,999,000. Deutsche Bank AG owned about 0.18% of RPM International at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RPM. Ares Financial Consulting LLC purchased a new stake in shares of RPM International in the fourth quarter valued at about $37,000. Rothschild Investment LLC boosted its stake in shares of RPM International by 2,387.0% in the fourth 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 in the last quarter. Los Angeles Capital Management LLC purchased a new position in RPM International in the fourth quarter worth $60,000. USA Financial Formulas acquired a new stake in RPM International in the first quarter valued at $67,000. Finally, Resources Management Corp CT ADV lifted its holdings in RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after acquiring an additional 647 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. BMO Capital Markets lifted their price target on shares of RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Finally, Royal Bank Of Canada upped their target price on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.00.

RPM International Trading Down 1.4%

NYSE RPM opened at $108.78 on Friday. The company has a market cap of $13.90 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.26 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. 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 company has a 50-day moving average of $109.29 and a 200-day moving average of $106.74.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.18 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts predict that RPM International Inc. will post 6 earnings per share for the current year.

RPM International Dividend Announcement

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

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.