PFA Pension Forsikringsaktieselskab Makes New Investment in RPM International Inc. $RPM

PFA Pension Forsikringsaktieselskab acquired a new position in RPM International Inc. (NYSE:RPM) during the 4th quarter, HoldingsChannel reports. The fund acquired 516,915 shares of the specialty chemicals company’s stock, valued at approximately $54,307,000.

Several other hedge funds have also added to or reduced their stakes in RPM. Danske Bank A S bought a new stake in RPM International in the third quarter worth about $17,362,000. California State Teachers Retirement System raised its position in shares of RPM International by 21.7% in the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after purchasing an additional 63,532 shares during the period. SG Americas Securities LLC raised its position in shares of RPM International by 1,863.4% in the fourth quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock valued at $4,707,000 after purchasing an additional 42,952 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of RPM International in the third quarter valued at approximately $2,180,000. Finally, Gabelli Funds LLC bought a new stake in shares of RPM International in the second quarter valued at approximately $1,534,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RPM shares. Robert W. Baird raised shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target on the stock in a research report on Wednesday, March 4th. Bank of America decreased their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Mizuho decreased their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, UBS Group upped their target price on shares of RPM International from $108.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and five 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 $126.33.

RPM International Price Performance

RPM stock opened at $101.34 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. RPM International Inc. has a one year low of $92.92 and a one year high of $129.12. The stock has a market cap of $12.93 billion, a PE ratio of 19.53, a P/E/G ratio of 2.59 and a beta of 1.04. The firm has a 50 day simple moving average of $104.20 and a two-hundred day simple moving average of $107.30.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.1%. RPM International’s dividend payout ratio is 41.62%.

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.