Daiichi Life Insurance Co. Ltd. Invests $667,000 in RPM International Inc. $RPM

Daiichi Life Insurance Co. Ltd. purchased a new stake in RPM International Inc. (NYSE:RPM) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 6,000 shares of the specialty chemicals company’s stock, valued at approximately $667,000.

A number of other hedge funds have also bought and sold shares of RPM. Commerce Bank acquired a new stake in RPM International in the 2nd quarter worth about $8,491,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of RPM International in the second quarter valued at approximately $1,391,000. Evolve Private Wealth LLC bought a new stake in shares of RPM International in the second quarter valued at approximately $216,000. Korea Investment CORP acquired a new stake in RPM International during the second quarter worth approximately $5,653,000. Finally, EP Wealth Advisors LLC acquired a new position in RPM International in the 2nd quarter valued at $1,069,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RPM. Royal Bank Of Canada raised their price target on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and raised their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. BMO Capital Markets increased their price target on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Citigroup lifted their price objective on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Morgan Stanley cut their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, RPM International presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

RPM International Trading Down 2.1%

RPM opened at $106.38 on Tuesday. The company has a market cap of $13.59 billion, a P/E ratio of 20.62, a PEG ratio of 2.22 and a beta of 1.04. 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 company’s 50 day moving average is $109.24 and its 200-day moving average is $106.71. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $128.51.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts predict that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Dividend Announcement

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

RPM International 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.