Haverford Trust Co Invests $667,000 in RPM International Inc. $RPM

Haverford Trust Co acquired a new position in shares of RPM International Inc. (NYSE:RPM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,000 shares of the specialty chemicals company’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new stake in RPM International in the fourth quarter valued at approximately $37,000. Danske Bank A S acquired a new position in shares of RPM International during the second quarter worth $47,000. Rothschild Investment LLC lifted its holdings in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 549 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of RPM International during the 4th quarter valued at $60,000. Finally, USA Financial Formulas acquired a new stake in shares of RPM International in the 1st quarter worth $67,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RPM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Bank of America raised 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. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. BMO Capital Markets upped their price objective on shares of RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Citigroup increased their price objective on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.00.

RPM International Price Performance

NYSE RPM opened at $108.78 on Friday. The company has a market cap of $13.90 billion, a price-to-earnings 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 current ratio of 1.68 and a quick ratio of 1.16. The stock’s fifty day moving average price is $109.29 and its 200 day moving average price is $106.74. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12.

RPM International (NYSE:RPM) last issued its quarterly earnings results 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. 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 firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.72 EPS. As a group, equities research analysts forecast that RPM International Inc. will post 6 earnings per share for the current year.

RPM International Announces Dividend

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