Dearborn Partners LLC Takes Position in RPM International Inc. $RPM

Dearborn Partners LLC acquired a new position in shares of RPM International Inc. (NYSE:RPM) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 93,383 shares of the specialty chemicals company’s stock, valued at approximately $9,282,000.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC increased its position in RPM International by 5.8% during the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after purchasing an additional 93 shares during the last quarter. LRI Investments LLC raised its stake in RPM International by 6.6% during the fourth quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company’s stock worth $182,000 after purchasing an additional 108 shares during the period. Beese Fulmer Investment Management Inc. boosted its holdings in shares of RPM International by 2.0% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 5,894 shares of the specialty chemicals company’s stock valued at $613,000 after purchasing an additional 114 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of RPM International by 36.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 278 shares during the last quarter. Finally, Ares Financial Consulting LLC purchased a new stake in shares of RPM International during the 4th quarter valued at $37,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RPM shares. Wall Street Zen lowered RPM International from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley lowered their price target on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Citigroup upped their price target on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. UBS Group raised 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. Finally, BMO Capital Markets boosted their target price on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, RPM International presently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

RPM International Trading Down 2.1%

NYSE RPM opened at $106.38 on Tuesday. The company’s fifty day simple moving average is $109.24 and its 200-day simple moving average is $106.71. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $128.51. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The stock has a market cap of $13.59 billion, a P/E ratio of 20.62, a PEG ratio of 2.22 and a beta of 1.04.

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

RPM International Announces Dividend

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

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.