Commerzbank Aktiengesellschaft FI Invests $1.65 Million in RPM International Inc. $RPM

Commerzbank Aktiengesellschaft FI acquired a new stake in RPM International Inc. (NYSE:RPM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 14,873 shares of the specialty chemicals company’s stock, valued at approximately $1,653,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RPM. Gamco Investors INC. ET AL acquired a new position in RPM International during the second quarter worth $402,000. Gabelli Funds LLC acquired a new stake in RPM International in the second quarter valued at $1,534,000. California State Teachers Retirement System lifted its stake in RPM International by 21.7% in the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after acquiring an additional 63,532 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of RPM International by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after acquiring an additional 888 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of RPM International by 5.2% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock valued at $1,321,000 after acquiring an additional 594 shares during the period. 80.95% of the stock is owned by institutional investors.

RPM International Trading Down 1.4%

RPM stock opened at $112.22 on Tuesday. RPM International Inc. has a one year low of $92.92 and a one year high of $129.12. The stock has a market cap of $14.33 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company has a fifty day moving average price of $108.99 and a two-hundred day moving average price of $106.65. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 earnings per share. Equities analysts anticipate that RPM International Inc. will post 6 EPS for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s dividend payout ratio is currently 41.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RPM shares. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Morgan Stanley dropped their price objective on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. Finally, Citigroup raised their price objective on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, RPM International presently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

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.