OneDigital Investment Advisors LLC Takes $737,000 Position in RPM International Inc. $RPM

OneDigital Investment Advisors LLC acquired a new position in RPM International Inc. (NYSE:RPM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,627 shares of the specialty chemicals company’s stock, valued at approximately $737,000.

Several other institutional investors have also recently made changes to their positions in RPM. Ares Financial Consulting LLC bought a new stake in RPM International during the 4th quarter valued at approximately $37,000. Rothschild Investment LLC boosted its stake in RPM International by 2,387.0% in the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 549 shares during the period. Los Angeles Capital Management LLC purchased a new stake in RPM International during the 4th quarter valued at approximately $60,000. USA Financial Formulas purchased a new stake in RPM International during the 1st quarter valued at approximately $67,000. Finally, Resources Management Corp CT ADV raised its position in shares of RPM International by 21,566.7% during the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Down 1.5%

Shares of RPM opened at $110.60 on Wednesday. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12. The business’s 50 day simple moving average is $109.05 and its 200-day simple moving average is $106.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16.

RPM International (NYSE:RPM) last posted 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. 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company earned $1.72 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts expect that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RPM. Weiss Ratings reissued a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Citigroup raised their target price on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of RPM International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Royal Bank Of Canada boosted their price target 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. Finally, BMO Capital Markets raised their price objective 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, RPM International currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

About RPM International

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.