33,541 Shares in RPM International Inc. $RPM Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new position in RPM International Inc. (NYSE:RPM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 33,541 shares of the specialty chemicals company’s stock, valued at approximately $3,728,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPM. Ares Financial Consulting LLC bought a new stake in RPM International during the fourth quarter worth $37,000. Danske Bank A S bought a new position in RPM International in the 2nd quarter valued at $47,000. Los Angeles Capital Management LLC purchased a new stake in shares of RPM International during the 4th quarter valued at $60,000. Rothschild Investment LLC increased its position 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. Finally, Resources Management Corp CT ADV raised its stake in shares of RPM International by 21,566.7% during the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 647 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RPM. Bank of America boosted their price target 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. Wall Street Zen lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada boosted their target price on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Citigroup increased their target price 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. 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 data from MarketBeat, RPM International has a consensus rating of “Moderate Buy” and an average price target of $126.00.

RPM International Stock Up 0.6%

RPM stock opened at $106.95 on Wednesday. The stock has a fifty day moving average of $109.19 and a 200-day moving average of $106.64. RPM International Inc. has a fifty-two week low of $92.92 and a fifty-two week high of $128.51. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.18 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68.

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

RPM International Announces Dividend

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