OneDigital Investment Advisors LLC Makes New $737,000 Investment in RPM International Inc. $RPM

OneDigital Investment Advisors LLC acquired a new stake in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,627 shares of the specialty chemicals company’s stock, valued at approximately $737,000.

Several other institutional investors have also modified their holdings of RPM. Ares Financial Consulting LLC purchased a new position in shares of RPM International in the 4th quarter worth approximately $37,000. Rothschild Investment LLC increased its position in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 549 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in RPM International during the 4th quarter valued at $60,000. USA Financial Formulas purchased a new stake in RPM International during the 1st quarter valued at $67,000. Finally, Resources Management Corp CT ADV lifted its position in RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 647 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RPM has been the subject of several recent analyst reports. Wall Street Zen raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. BMO Capital Markets raised their target price 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. Morgan Stanley dropped their price target on shares of 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, UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.00.

RPM International Price Performance

RPM opened at $110.60 on Wednesday. The business has a fifty day moving average of $109.05 and a 200 day moving average of $106.68. The stock has a market cap of $14.13 billion, a P/E ratio of 21.43, a PEG ratio of 2.33 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 Inc. has a 52-week low of $92.92 and a 52-week high of $129.12.

RPM International (NYSE:RPM) last released 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. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that RPM International Inc. will post 6 EPS for the current year.

RPM International Announces Dividend

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

RPM International 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.