Haverford Trust Co Invests $667,000 in RPM International Inc. $RPM

Haverford Trust Co bought a new position in shares of RPM International Inc. (NYSE:RPM) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 6,000 shares of the specialty chemicals company’s stock, valued at approximately $667,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RPM. BlackRock Inc. purchased a new stake in RPM International in the second quarter valued at $1,456,684,000. Bank of New York Mellon Corp purchased a new stake in shares of RPM International in the second quarter worth about $118,220,000. PFA Pension Forsikringsaktieselskab acquired a new stake in RPM International during the fourth quarter worth about $54,307,000. Deutsche Bank AG acquired a new stake in RPM International during the second quarter worth about $25,999,000. Finally, Danske Bank A S purchased a new position in RPM International during the second quarter valued at approximately $20,077,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Stock Down 1.4%

RPM stock opened at $108.78 on Friday. The stock has a market capitalization of $13.90 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.22 and a beta of 1.04. The firm has a 50-day simple moving average of $109.29 and a 200-day simple moving average of $106.74. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $129.12.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share 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 firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company posted $1.72 EPS. RPM International’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts forecast that RPM International Inc. will post 6 earnings per share for the current fiscal year.

RPM International Dividend Announcement

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

Analysts Set New Price Targets

RPM has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Royal Bank Of Canada lifted their price objective on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Citigroup upped their price objective on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. BMO Capital Markets increased their target price on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley cut their price target on 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. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.