6,423 Shares in RPM International Inc. $RPM Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in RPM International Inc. (NYSE:RPM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,423 shares of the specialty chemicals company’s stock, valued at approximately $714,000.

Several other large investors also recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new position in shares of RPM International during the first quarter worth $6,963,000. Horizon Investments LLC purchased a new position in shares of RPM International in the fourth quarter valued at $1,373,000. PFA Pension Forsikringsaktieselskab acquired a new stake in RPM International during the 4th quarter valued at $54,307,000. Commerzbank Aktiengesellschaft FI acquired a new stake in RPM International during the 2nd quarter valued at $1,653,000. Finally, Plato Investment Management Ltd acquired a new stake in RPM International during the 2nd quarter valued at $3,410,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

RPM has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley dropped their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada boosted their price target on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Trading Down 1.4%

RPM opened at $108.78 on Friday. RPM International Inc. has a 12-month low of $92.92 and a 12-month high of $129.12. 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 $13.90 billion, a PE ratio of 21.08, a P/E/G ratio of 2.22 and a beta of 1.04. The firm’s fifty day moving average price is $109.29 and its 200 day moving average price is $106.74.

RPM International (NYSE:RPM) last announced its quarterly earnings data 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. The company 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 firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.72 EPS. As a group, research analysts expect that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were paid 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 dividend payout ratio (DPR) is 41.86%.

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.