Western Wealth Management LLC Acquires New Position in RPM International Inc. $RPM

Western Wealth Management LLC bought a new position in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,378 shares of the specialty chemicals company’s stock, valued at approximately $1,376,000.

Other hedge funds also recently bought and sold shares of the company. Gamco Investors INC. ET AL purchased a new position in shares of RPM International in the second quarter valued at about $402,000. Gabelli Funds LLC bought a new position in RPM International in the 2nd quarter worth approximately $1,534,000. California State Teachers Retirement System grew its holdings in RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after buying an additional 63,532 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after buying an additional 888 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in RPM International by 5.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock valued at $1,321,000 after acquiring an additional 594 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Up 0.6%

RPM International stock opened at $106.95 on Wednesday. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $128.51. The business has a fifty day moving average price of $109.19 and a 200-day moving average price of $106.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16. The stock 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.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.18 billion. During the same quarter last year, the company earned $1.72 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were issued a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is currently 41.86%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Royal Bank Of Canada increased their price target on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Bank of America increased their target price on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.