MUFG Securities EMEA plc Has $26.54 Million Stake in RPM International Inc. (RPM)

MUFG Securities EMEA plc increased its position in RPM International Inc. (NYSE:RPM) by 102.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,000 shares of the specialty chemicals company’s stock after buying an additional 230,000 shares during the period. MUFG Securities EMEA plc owned about 0.34% of RPM International worth $26,536,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RPM. Teachers Advisors LLC raised its position in shares of RPM International by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 142,597 shares of the specialty chemicals company’s stock valued at $7,475,000 after buying an additional 4,033 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of RPM International in the fourth quarter valued at approximately $536,000. Wedge Capital Management L L P NC acquired a new position in shares of RPM International in the first quarter valued at approximately $7,981,000. Alps Advisors Inc. acquired a new position in shares of RPM International in the first quarter valued at approximately $1,389,000. Finally, Roffman Miller Associates Inc. PA raised its position in shares of RPM International by 2.4% in the first quarter. Roffman Miller Associates Inc. PA now owns 433,440 shares of the specialty chemicals company’s stock valued at $20,662,000 after buying an additional 10,337 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

RPM International traded up $0.02, hitting $63.84, on Thursday, MarketBeat.com reports. 3,137 shares of the company were exchanged, compared to its average volume of 1,628,054. RPM International Inc. has a twelve month low of $46.36 and a twelve month high of $65.35. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.63 and a current ratio of 2.45. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.32 and a beta of 1.43.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Monday, July 23rd. The specialty chemicals company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.13). RPM International had a return on equity of 23.82% and a net margin of 6.35%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company posted $1.02 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. equities analysts forecast that RPM International Inc. will post 3.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, July 16th. RPM International’s dividend payout ratio (DPR) is 43.84%.

In other RPM International news, SVP Edward W. Moore sold 4,168 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $61.91, for a total transaction of $258,040.88. Following the completion of the sale, the senior vice president now directly owns 48,931 shares in the company, valued at $3,029,318.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John M. Ballbach acquired 8,100 shares of the firm’s stock in a transaction on Monday, July 23rd. The shares were acquired at an average price of $62.12 per share, with a total value of $503,172.00. Following the completion of the purchase, the director now owns 8,100 shares of the company’s stock, valued at $503,172. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

RPM has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Wednesday, July 18th. Northcoast Research lowered shares of RPM International from a “buy” rating to a “neutral” rating in a research report on Friday, July 20th. They noted that the move was a valuation call. Seaport Global Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of RPM International in a research report on Friday, April 6th. Finally, Morgan Stanley set a $70.00 price target on shares of RPM International and gave the stock an “overweight” rating in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $59.13.

RPM International Company Profile

RPM International Inc manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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

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