Commerzbank Aktiengesellschaft FI Buys Shares of 14,873 RPM International Inc. $RPM

Commerzbank Aktiengesellschaft FI purchased a new position in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,873 shares of the specialty chemicals company’s stock, valued at approximately $1,653,000.

Other institutional investors have also modified their holdings of the company. Horizon Investments LLC acquired a new stake in RPM International during the 4th quarter worth approximately $1,373,000. Segall Bryant & Hamill LLC acquired a new position in shares of RPM International in the first quarter valued at approximately $6,963,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of RPM International during the fourth quarter worth $54,307,000. Inspire Trust Co. N.A. raised its holdings in shares of RPM International by 42.9% during the fourth quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the specialty chemicals company’s stock worth $3,120,000 after acquiring an additional 9,000 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in shares of RPM International during the second quarter worth $3,410,000. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of RPM stock opened at $112.22 on Tuesday. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $129.12. The company’s fifty day simple moving average is $108.99 and its 200-day simple moving average is $106.65. The firm has a market cap of $14.33 billion, a PE ratio of 21.75, a P/E/G ratio of 2.33 and a beta of 1.04. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

RPM International (NYSE:RPM) last released 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts expect that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed 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 was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. RPM International’s dividend payout ratio (DPR) is presently 41.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. BMO Capital Markets boosted their price target on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Finally, Citigroup increased their price objective on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.