Sone Capital Management LLC Takes Position in RPM International Inc. $RPM

Sone Capital Management LLC acquired a new stake in RPM International Inc. (NYSE:RPM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 167,229 shares of the specialty chemicals company’s stock, valued at approximately $18,588,000. RPM International accounts for 1.4% of Sone Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Sone Capital Management LLC owned about 0.13% of RPM International at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Bank of America increased their price objective on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. BMO Capital Markets boosted their target price on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Morgan Stanley lowered their price target on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, Citigroup lifted their price target on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.00.

RPM International Stock Performance

RPM International stock opened at $106.38 on Tuesday. RPM International Inc. has a fifty-two week low of $92.92 and a fifty-two 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 has a market cap of $13.59 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. The firm’s fifty day moving average price is $109.24 and its 200-day moving average price is $106.71.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share. On average, equities research analysts expect that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.0%. RPM International’s payout ratio is 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.