Jupiter Topco LLC Acquires Shares of 9,015 RPM International Inc. $RPM

Jupiter Topco LLC bought a new stake in shares of RPM International Inc. (NYSE:RPM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,015 shares of the specialty chemicals company’s stock, valued at approximately $1,002,000.

A number of other hedge funds have also made changes to their positions in the stock. Danske Bank A S acquired a new stake in RPM International in the second quarter valued at $47,000. Rothschild Investment LLC boosted its stake in 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 acquiring an additional 549 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in RPM International during the 4th quarter worth $60,000. Castleark Management LLC bought a new stake in shares of RPM International in the 2nd quarter worth about $64,000. Finally, USA Financial Formulas bought a new stake in shares of RPM International in the 1st quarter worth about $67,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

Shares of NYSE:RPM opened at $105.64 on Friday. The company has a market cap of $13.48 billion, a PE ratio of 20.47, a P/E/G ratio of 2.15 and a beta of 1.05. RPM International Inc. has a fifty-two week low of $92.92 and a fifty-two week high of $128.51. The firm has a 50-day simple moving average of $108.53 and a 200 day simple moving average of $105.98. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

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

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, July 14th. RPM International’s dividend payout ratio is presently 41.86%.

Wall Street Analyst Weigh In

RPM has been the topic of several research analyst reports. Citigroup increased their price target on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Morgan Stanley reduced their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Wall Street Zen lowered RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, BMO Capital Markets upped their price target on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, RPM International currently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

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.