Man Group plc Purchases New Holdings in RPM International Inc. $RPM

Man Group plc purchased a new position in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,487 shares of the specialty chemicals company’s stock, valued at approximately $1,833,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S bought a new position in RPM International in the 2nd quarter valued at $47,000. Los Angeles Capital Management LLC bought a new stake in shares of RPM International during the 4th quarter worth $60,000. Rothschild Investment LLC boosted its holdings in shares of RPM International by 2,387.0% in the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 549 shares during the last quarter. Castleark Management LLC purchased a new position in shares of RPM International in the 2nd quarter worth about $64,000. Finally, Resources Management Corp CT ADV grew its position in RPM International by 21,566.7% during the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 647 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Trading Down 2.0%

Shares of RPM International stock opened at $101.99 on Wednesday. The stock has a market capitalization of $13.01 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.12 and a beta of 1.05. RPM International Inc. has a 52-week low of $92.92 and a 52-week high of $128.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The stock’s 50-day simple moving average is $108.96 and its 200 day simple moving average is $106.20.

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

RPM International Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.1%. RPM International’s dividend payout ratio (DPR) is 41.86%.

Analyst Ratings Changes

Several brokerages have commented on RPM. Citigroup lifted their price objective on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. 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 report on Thursday, July 23rd. Royal Bank Of Canada raised their price target on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, Morgan Stanley reduced their price objective on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a report 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.00.

RPM International Company 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.