60,300 Shares in RPM International Inc. $RPM Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of RPM International Inc. (NYSE:RPM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 60,300 shares of the specialty chemicals company’s stock, valued at approximately $6,694,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RPM. BlackRock Inc. purchased a new position in RPM International in the second quarter worth about $1,456,684,000. Bank of New York Mellon Corp bought a new position in shares of RPM International in the second quarter worth approximately $118,220,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter valued at approximately $54,307,000. Legal & General Group Plc purchased a new stake in shares of RPM International during the second quarter valued at approximately $37,713,000. Finally, Deutsche Bank AG bought a new stake in shares of RPM International during the second quarter valued at approximately $25,999,000. 80.95% of the stock is currently owned by institutional investors.

RPM International Stock Up 1.0%

RPM opened at $106.79 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $109.11 and a 200-day moving average price of $106.51. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $128.51. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.16 and a beta of 1.04.

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

RPM International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RPM shares. BMO Capital Markets upped 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. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Morgan Stanley lowered their price target 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. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, RPM International 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.