Osmosis Investment Management UK Ltd Purchases Shares of 37,752 RPM International Inc. $RPM

Osmosis Investment Management UK Ltd purchased a new position in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,752 shares of the specialty chemicals company’s stock, valued at approximately $4,196,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of RPM International during the second quarter worth $1,456,684,000. Bank of New York Mellon Corp acquired a new position in RPM International in the second quarter valued at $118,220,000. PFA Pension Forsikringsaktieselskab acquired a new position in RPM International in the fourth quarter valued at $54,307,000. Deutsche Bank AG purchased a new position 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 worth about $20,077,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on RPM. Citigroup lifted their price target on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Bank of America raised their target price on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, BMO Capital Markets upped their price target on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

RPM International Price Performance

Shares of RPM International stock opened at $108.78 on Monday. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $129.12. The stock has a market capitalization of $13.90 billion, a P/E ratio of 21.08, a PEG ratio of 2.22 and a beta of 1.04. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average price is $109.29 and its 200 day moving average price is $106.74.

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

RPM International Announces Dividend

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

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.