Ieq Capital LLC Makes New Investment in RPM International Inc. $RPM

Ieq Capital LLC bought a new stake in RPM International Inc. (NYSE:RPM) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,404 shares of the specialty chemicals company’s stock, valued at approximately $823,000.

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

RPM International Stock Down 1.4%

RPM International stock opened at $105.55 on Friday. 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 Inc. has a 52-week low of $92.92 and a 52-week high of $128.51. The firm has a 50 day moving average price of $109.14 and a two-hundred day moving average price of $106.50. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.18 and a beta of 1.04.

RPM International (NYSE:RPM) last posted its quarterly earnings data 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 net margin of 8.41% and a return on equity of 22.45%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm posted $1.72 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts predict that RPM International Inc. will post 6 EPS for the current year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors 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 annualized dividend and a yield of 2.0%. RPM International’s payout ratio is presently 41.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RPM shares. 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. Royal Bank Of Canada boosted their price objective on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Citigroup increased their price objective on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

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.