Caisse de depot et placement du Quebec Purchases New Holdings in RPM International Inc. $RPM

Caisse de depot et placement du Quebec acquired a new position in shares of RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 115,472 shares of the specialty chemicals company’s stock, valued at approximately $12,835,000. Caisse de depot et placement du Quebec owned approximately 0.09% of RPM International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RPM. BlackRock Inc. bought a new position in shares of RPM International during the second quarter valued at approximately $1,456,684,000. Bank of New York Mellon Corp bought a new stake in shares of RPM International in the 2nd quarter worth approximately $118,220,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of RPM International in the 4th quarter worth approximately $54,307,000. California State Teachers Retirement System grew its stake in shares of RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after buying an additional 49,979 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in RPM International during the 2nd quarter valued at approximately $37,713,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

RPM stock opened at $106.79 on Friday. The stock’s 50 day simple moving average is $109.11 and its 200 day simple moving average is $106.51. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. RPM International Inc. has a 12-month low of $92.92 and a 12-month high of $128.51. The stock has a market capitalization of $13.62 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.16 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 EPS for the quarter, topping 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 business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last 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, research analysts forecast 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. Investors of record on Tuesday, July 14th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is presently 41.86%.

Wall Street Analysts Forecast Growth

RPM has been the subject of a number of recent research reports. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Royal Bank Of Canada lifted their price target on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Bank of America upped their price target on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley cut their price objective on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.00.

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.