Sanctuary Advisors LLC Takes $1.52 Million Position in RPM International Inc. $RPM

Sanctuary Advisors LLC bought a new stake in shares of RPM International Inc. (NYSE:RPM) during the second quarter, Holdings Channel reports. The fund bought 13,677 shares of the specialty chemicals company’s stock, valued at approximately $1,520,000.

A number of other institutional investors have also recently added to or reduced their stakes in RPM. BlackRock Inc. purchased a new stake in RPM International in the 2nd quarter worth $1,456,684,000. Bank of New York Mellon Corp purchased a new stake in shares of RPM International during the second quarter worth about $118,220,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of RPM International during the 4th quarter worth about $54,307,000. Deutsche Bank AG purchased a new position in RPM International in the 2nd quarter valued at about $25,999,000. Finally, Danske Bank A S purchased a new position in RPM International in the 2nd quarter valued at about $20,077,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Trading Up 0.5%

RPM opened at $107.30 on Thursday. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 2.18 and a beta of 1.04. The company’s 50 day simple moving average is $109.19 and its two-hundred day simple moving average is $106.59. RPM International Inc. has a 1-year low of $92.92 and a 1-year high of $128.51. 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 posted its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business earned $1.72 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently announced 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 2.0%. The ex-dividend date was Tuesday, July 14th. RPM International’s dividend payout ratio is presently 41.86%.

Wall Street Analyst Weigh In

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