Segall Bryant & Hamill LLC Takes $6.96 Million Position in RPM International Inc. $RPM

Segall Bryant & Hamill LLC bought a new stake in RPM International Inc. (NYSE:RPM) in the 1st quarter, Holdings Channel.com reports. The fund bought 70,054 shares of the specialty chemicals company’s stock, valued at approximately $6,963,000.

Several other large investors have also recently added to or reduced their stakes in the business. Horizon Investments LLC purchased a new stake in RPM International in the 4th quarter valued at about $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of RPM International during the 4th quarter worth about $54,307,000. Inspire Trust Co. N.A. boosted its position in shares of 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 during the last quarter. Danske Bank A S boosted its position in shares of RPM International by 13.7% in the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after acquiring an additional 20,176 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new stake in RPM International in the fourth quarter valued at approximately $16,175,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Price Performance

RPM opened at $107.19 on Monday. RPM International Inc. has a 52-week low of $92.92 and a 52-week high of $129.12. The company has a 50 day moving average of $106.75 and a two-hundred day moving average of $106.30. The company has a market cap of $13.69 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.18 and a beta of 1.04. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 EPS. On average, analysts expect that RPM International Inc. will post 6.02 earnings per share for the current year.

RPM International Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Citigroup upped their price objective on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Zacks Research raised RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada upped 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. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.