Commerce Bank Makes New Investment in RPM International Inc. $RPM

Commerce Bank acquired a new stake in RPM International Inc. (NYSE:RPM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 76,395 shares of the specialty chemicals company’s stock, valued at approximately $8,491,000.

Other institutional investors also recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in shares of RPM International during the first quarter valued at approximately $6,963,000. Horizon Investments LLC bought a new position in RPM International in the 4th quarter worth approximately $1,373,000. PFA Pension Forsikringsaktieselskab bought a new position in RPM International in the 4th quarter worth approximately $54,307,000. Plato Investment Management Ltd acquired a new position in RPM International during the 2nd quarter worth $3,410,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in RPM International during the 2nd quarter worth $1,653,000. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RPM. UBS Group raised 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 research note on Wednesday, May 27th. Royal Bank Of Canada upped their price target on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Citigroup raised their price target on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. Morgan Stanley lowered their price objective on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Finally, Bank of America boosted their price objective on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $126.00.

RPM International Stock Up 0.1%

Shares of RPM International stock opened at $108.78 on Monday. The business has a fifty day simple moving average of $109.29 and a 200 day simple moving average of $106.74. The stock has a market cap of $13.90 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.22 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 12 month low of $92.92 and a 12 month 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, beating the consensus estimate of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts predict that RPM International Inc. will post 6 EPS for the current 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 given a $0.54 dividend. 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 dividend payout ratio (DPR) is currently 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.