167,229 Shares in RPM International Inc. $RPM Bought by Sone Capital Management LLC

Sone Capital Management LLC purchased a new position in RPM International Inc. (NYSE:RPM) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 167,229 shares of the specialty chemicals company’s stock, valued at approximately $18,588,000. RPM International accounts for about 1.4% of Sone Capital Management LLC’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors have also added to or reduced their stakes in RPM. Segall Bryant & Hamill LLC purchased a new position in shares of RPM International in the first quarter worth about $6,963,000. Horizon Investments LLC bought a new stake in shares of RPM International in the 4th quarter valued at about $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new stake in RPM International during the 4th quarter valued at about $54,307,000. Plato Investment Management Ltd purchased a new stake in RPM International during the 2nd quarter valued at about $3,410,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in RPM International during the 2nd quarter worth approximately $1,653,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Trading Down 2.1%

RPM opened at $106.38 on Tuesday. RPM International Inc. has a one year low of $92.92 and a one year high of $128.51. 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 business has a 50 day simple moving average of $109.24 and a two-hundred day simple moving average of $106.71. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.22 and a beta of 1.04.

RPM International (NYSE:RPM) last issued its quarterly earnings data 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. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $1.72 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts predict that RPM International Inc. will post 6 EPS for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors 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 yield of 2.0%. RPM International’s payout ratio is 41.86%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RPM shares. Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America raised their target price on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada lifted their target price on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Citigroup upped their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and increased their price target for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

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.