Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 154,067 RPM International Inc. $RPM

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of RPM International Inc. (NYSE:RPM) in the second quarter, HoldingsChannel reports. The institutional investor purchased 154,067 shares of the specialty chemicals company’s stock, valued at approximately $17,124,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RPM. Segall Bryant & Hamill LLC purchased a new stake in RPM International in the first quarter valued at approximately $6,963,000. Horizon Investments LLC bought a new position in shares of RPM International in the 4th quarter worth $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the 4th quarter valued at $54,307,000. Inspire Trust Co. N.A. grew its position in RPM International by 42.9% in the fourth quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the specialty chemicals company’s stock worth $3,120,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in RPM International in the second quarter valued at $3,410,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

RPM has been the subject of a number of research reports. Royal Bank Of Canada upped their price objective on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note 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 company a “buy” rating in a research report on Thursday, July 23rd. Citigroup raised their price objective on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Morgan Stanley lowered their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded RPM International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

RPM International Price Performance

RPM opened at $110.67 on Friday. 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 company has a market cap of $14.14 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The stock has a fifty day simple moving average of $109.25 and a two-hundred day simple moving average of $106.73. RPM International Inc. has a 12-month low of $92.92 and a 12-month high of $129.12.

RPM International (NYSE:RPM) last issued its quarterly 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. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 EPS. Research analysts predict that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date 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.