Life Cycle Investment Partners Ltd Invests $16.18 Million in RPM International Inc. $RPM

Life Cycle Investment Partners Ltd purchased a new position in RPM International Inc. (NYSE:RPM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 155,533 shares of the specialty chemicals company’s stock, valued at approximately $16,175,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Lazard Asset Management LLC grew its stake in shares of RPM International by 5.8% in the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after purchasing an additional 93 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of RPM International by 21.2% in the third quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 108 shares in the last quarter. Archer Investment Corp grew its stake in shares of RPM International by 3.1% in the third quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock worth $424,000 after purchasing an additional 108 shares in the last quarter. LRI Investments LLC grew its stake in shares of RPM International by 6.6% in the fourth quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company’s stock worth $182,000 after purchasing an additional 108 shares in the last quarter. Finally, First American Bank grew its stake in shares of RPM International by 4.9% in the fourth quarter. First American Bank now owns 2,360 shares of the specialty chemicals company’s stock worth $245,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Trading Up 1.7%

NYSE:RPM opened at $100.86 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $129.12. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 2.57 and a beta of 1.04. The stock has a fifty day simple moving average of $101.26 and a 200 day simple moving average of $106.06.

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

RPM International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America decreased 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. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Robert W. Baird raised RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Wednesday, March 4th. BMO Capital Markets decreased 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. Finally, Mizuho decreased their target price 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. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.33.

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.