SBI Okasan Asset Management Co.Ltd. Makes New $528,000 Investment in RPM International Inc. $RPM

SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of RPM International Inc. (NYSE:RPM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the specialty chemicals company’s stock, valued at approximately $528,000.

Other institutional investors have also recently made changes to their positions in the company. Horizon Investments LLC purchased a new position in shares of RPM International during the 4th quarter worth $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of RPM International during the 4th quarter worth $54,307,000. SG Americas Securities LLC boosted its stake in shares of RPM International by 1,863.4% during the 4th quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock worth $4,707,000 after acquiring an additional 42,952 shares during the last quarter. Tredje AP fonden boosted its stake in shares of RPM International by 90.4% during the 3rd quarter. Tredje AP fonden now owns 21,890 shares of the specialty chemicals company’s stock worth $2,580,000 after acquiring an additional 10,393 shares during the last quarter. Finally, Danske Bank A S boosted its stake in shares of RPM International by 13.7% during the 4th quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after acquiring an additional 20,176 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RPM. Bank of America dropped their price target on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Mizuho decreased their price objective on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $118.00 to $130.00 in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Eleven 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.42.

RPM International Price Performance

RPM stock opened at $106.00 on Friday. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $129.12. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $101.71 and a 200 day moving average price of $105.95. The stock has a market cap of $13.53 billion, a PE ratio of 20.42, a P/E/G ratio of 2.73 and a beta of 1.04.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts anticipate that RPM International Inc. will post 5.46 earnings per share for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, April 16th. RPM International’s payout ratio is presently 41.62%.

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.