Flputnam Investment Management Co. Acquires New Position in RPM International Inc. $RPM

Flputnam Investment Management Co. bought a new position in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,310 shares of the specialty chemicals company’s stock, valued at approximately $701,000.

Several other institutional investors also recently bought and sold shares of the business. Ares Financial Consulting LLC purchased a new position in shares of RPM International during the 4th quarter worth $37,000. Los Angeles Capital Management LLC purchased a new stake in shares of RPM International in the fourth quarter valued at $60,000. Rothschild Investment LLC increased its stake in RPM International by 2,387.0% in the fourth 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. Resources Management Corp CT ADV increased its stake in RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after purchasing an additional 647 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in RPM International during the fourth quarter worth about $69,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Bank of America upped their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. BMO Capital Markets increased their price objective on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Royal Bank Of Canada raised their target price on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley lowered their target price on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Trading Down 1.4%

Shares of RPM 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 stock’s 50-day moving average is $108.99 and its two-hundred day moving average is $106.65. 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 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.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. Equities analysts forecast that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Dividend Announcement

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 dividend of $0.54 per share. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. RPM International’s dividend payout ratio (DPR) is currently 41.86%.

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.