BNP Paribas Arbitrage SA Boosts Stake in RPM International Inc. (NYSE:RPM)

BNP Paribas Arbitrage SA grew its position in shares of RPM International Inc. (NYSE:RPM) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 40,355 shares of the specialty chemicals company’s stock after acquiring an additional 1,634 shares during the period. BNP Paribas Arbitrage SA’s holdings in RPM International were worth $3,579,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Group LLC purchased a new position in shares of RPM International during the 2nd quarter worth approximately $6,081,000. UBS Asset Management Americas Inc. boosted its position in shares of RPM International by 3.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 388,383 shares of the specialty chemicals company’s stock worth $35,673,000 after purchasing an additional 12,582 shares in the last quarter. HGK Asset Management Inc. boosted its position in shares of RPM International by 4.0% in the 2nd quarter. HGK Asset Management Inc. now owns 49,735 shares of the specialty chemicals company’s stock worth $4,410,000 after purchasing an additional 1,895 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of RPM International by 35.6% in the 2nd quarter. Boston Trust Walden Corp now owns 495,750 shares of the specialty chemicals company’s stock worth $43,963,000 after purchasing an additional 130,103 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of RPM International by 38.3% in the 1st quarter. Quantbot Technologies LP now owns 17,628 shares of the specialty chemicals company’s stock worth $1,619,000 after purchasing an additional 4,882 shares in the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

A number of analysts have recently commented on RPM shares. Zacks Investment Research cut RPM International from a “hold” rating to a “strong sell” rating and set a $80.00 price target on the stock. in a research report on Friday, June 4th. JPMorgan Chase & Co. cut RPM International from a “neutral” rating to an “underweight” rating and set a $90.00 price target on the stock. in a research report on Wednesday, June 23rd. BMO Capital Markets dropped their price target on RPM International from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 27th. Finally, Wells Fargo & Company cut RPM International from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, July 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $94.38.

RPM stock opened at $79.22 on Friday. The stock has a market capitalization of $10.28 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 4.04 and a beta of 0.95. RPM International Inc. has a 12-month low of $76.43 and a 12-month high of $99.30. The company has a current ratio of 2.09, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36. The stock’s 50 day simple moving average is $83.43 and its 200 day simple moving average is $89.03.

RPM International (NYSE:RPM) last released its quarterly earnings results on Sunday, July 25th. The specialty chemicals company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.02. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.69 billion. RPM International had a return on equity of 34.41% and a net margin of 8.23%. The company’s revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS. On average, research analysts predict that RPM International Inc. will post 3.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 30th. Stockholders of record on Thursday, July 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, July 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. RPM International’s payout ratio is 36.54%.

About RPM International

RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG); Performance Coatings Group (PCG); Consumer Group; and Specialty Products Group (SPG).

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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