Caisse de depot et placement du Quebec Takes $12.84 Million Position in RPM International Inc. $RPM

Caisse de depot et placement du Quebec acquired a new stake in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,472 shares of the specialty chemicals company’s stock, valued at approximately $12,835,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RPM. BlackRock Inc. bought a new stake in RPM International in the 2nd quarter worth approximately $1,456,684,000. Bank of New York Mellon Corp bought a new position in shares of RPM International during the 2nd quarter valued at $118,220,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of RPM International during the 4th quarter valued at $54,307,000. California State Teachers Retirement System boosted its stake in shares of RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after buying an additional 49,979 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of RPM International in the 2nd quarter worth $37,713,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America upped their price objective on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada increased their target price on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. 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. Citigroup boosted their price target on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Weiss Ratings reaffirmed 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Trading Up 1.0%

Shares of RPM stock opened at $106.79 on Friday. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $128.51. The firm has a fifty day moving average price of $109.11 and a 200-day moving average price of $106.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.16 and a beta of 1.04.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.RPM International’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.72 EPS. As a group, equities analysts predict that RPM International Inc. will post 6 earnings per share for the current year.

RPM International Dividend Announcement

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

About RPM International

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.