OMERS ADMINISTRATION Corp Invests $3.73 Million in RPM International Inc. $RPM

OMERS ADMINISTRATION Corp acquired a new stake in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to its most recent filing with the SEC. The fund acquired 33,541 shares of the specialty chemicals company’s stock, valued at approximately $3,728,000.

Several other large investors have also added to or reduced their stakes in RPM. Tribune Investment Group LP purchased a new position in RPM International during the 2nd quarter valued at about $5,969,000. Osmosis Investment Management UK Ltd purchased a new position in RPM International during the second quarter valued at approximately $4,196,000. Sanctuary Advisors LLC bought a new stake in RPM International during the 2nd quarter worth approximately $1,520,000. Covington Investment Advisors Inc. purchased a new stake in RPM International in the 2nd quarter worth approximately $8,032,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in RPM International in the 2nd quarter valued at $5,289,000. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

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. 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. Royal Bank Of Canada lifted their price target on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. BMO Capital Markets boosted their price objective on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

RPM International Stock Performance

NYSE RPM opened at $106.95 on Wednesday. RPM International Inc. has a 52-week low of $92.92 and a 52-week high of $128.51. The company has a fifty day moving average of $109.19 and a 200-day moving average of $106.64. The company has a market capitalization of $13.66 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.18 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68.

RPM International (NYSE:RPM) last released 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. 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 analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts predict that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International’s dividend 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.