Osmosis Investment Management UK Ltd Invests $4.20 Million in RPM International Inc. $RPM

Osmosis Investment Management UK Ltd purchased a new stake in RPM International Inc. (NYSE:RPM) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 37,752 shares of the specialty chemicals company’s stock, valued at approximately $4,196,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in RPM International during the second quarter worth about $1,456,684,000. Bank of New York Mellon Corp purchased a new position in RPM International in the second quarter valued at about $118,220,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of RPM International during the 4th quarter valued at approximately $54,307,000. Deutsche Bank AG acquired a new stake in shares of RPM International during the 2nd quarter valued at approximately $25,999,000. Finally, Danske Bank A S purchased a new stake in shares of RPM International during the 2nd quarter worth approximately $20,077,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

RPM stock opened at $108.78 on Monday. The stock’s 50 day moving average price is $109.29 and its 200 day moving average price is $106.74. The firm has a market cap of $13.90 billion, a P/E ratio of 21.08, a PEG ratio of 2.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12.

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

RPM International Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RPM shares. Bank of America upped their price target on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. BMO Capital Markets lifted their price objective on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and upped their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada raised their price target on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Ten research 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.com, 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.