BNP Paribas Financial Markets Acquires 40,982 Shares of RPM International Inc. $RPM

BNP Paribas Financial Markets raised its holdings in shares of RPM International Inc. (NYSE:RPM) by 88.9% during the fourth quarter, Holdings Channel reports. The fund owned 87,062 shares of the specialty chemicals company’s stock after buying an additional 40,982 shares during the period. BNP Paribas Financial Markets’ holdings in RPM International were worth $9,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Horizon Investments LLC purchased a new stake in shares of RPM International during the fourth quarter valued at approximately $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter valued at approximately $54,307,000. SG Americas Securities LLC boosted its stake in shares of RPM International by 1,863.4% during the fourth quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock valued at $4,707,000 after purchasing an additional 42,952 shares during the period. Tredje AP fonden boosted its stake in shares of RPM International by 90.4% during the third quarter. Tredje AP fonden now owns 21,890 shares of the specialty chemicals company’s stock valued at $2,580,000 after purchasing an additional 10,393 shares during the period. Finally, Danske Bank A S boosted its stake in shares of RPM International by 13.7% during the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock valued at $17,416,000 after purchasing an additional 20,176 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RPM. Zacks Research raised RPM International from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Mizuho dropped their price target on RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Bank of America dropped their price target on RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. Finally, BMO Capital Markets dropped their price target on RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, RPM International presently has a consensus rating of “Moderate Buy” and an average target price of $127.42.

RPM International Price Performance

RPM opened at $104.71 on Tuesday. The stock has a 50-day moving average price of $102.67 and a 200-day moving average price of $105.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. The firm has a market cap of $13.36 billion, a PE ratio of 20.18, a P/E/G ratio of 2.45 and a beta of 1.04. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $129.12.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. RPM International’s quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that RPM International Inc. will post 5.46 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.16 dividend on an annualized basis and a yield of 2.1%. RPM International’s payout ratio is 41.62%.

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.