Fintel reports that BlackRock Inc. has filed Form 13G with the SEC, disclosing its ownership of 12,356,583 shares of RPM International Inc. (RPM). This equates to his 9.6% of the company.
In an earlier filing dated February 1, 2022, they reported 11,513,070 shares and 8.90% of the company.
7.33% increase in equity and 0.70% increase in total ownership (calculated as current – previous ownership percentage).
Analyst Price Predictions Suggest a 14.79% Gain
As of January 24, 2023, RPM International’s average price target for the year is $100.03. Predictions range from a low of $83.83 to a high of $124.95. The average price target represents a 14.79% increase from the latest reported closing price of $87.14.
RPM International’s projected annual revenue is 7,377MM, an increase of 3.29%. Projected annual EPS is $4.67, an increase of 13.20%.
Fund Sentiment
RPM International Inc. has 1070 funds or institutions reporting positions. This is an increase of 31 owners or 2.98%.
Portfolio average weight of all funds 0.2628% dedicated to RPM International Inc., an increase of 3.4921%. The total number of shares owned by the institution increased by 0.77% to 124,158,939 shares over the past three months.
What are the major shareholders doing?
Aristotle Capital Management, LLC holds 11,303,722 shares representing an 8.76% ownership interest in the company. In previous filings, the company reported he owned 11,635,694 shares.
Decrease
2.94%.office
gain
Portfolio allocation in RPM increased by 8.22% last quarter.
Price T Rowe Associates Inc /md/ owns 6,212,421 shares representing a 4.81% ownership interest in the company. In previous filings, the company reported he owned 12,019,219 shares.
Decrease
93.47%.office
decreased
The portfolio allocation in RPM increased by 68.36% last quarter.
T. Rowe Price Investment Management, Inc. owns 5,438,838 shares representing a 4.21% ownership interest in the company.
Atlanta Capital Management Co LLC holds 4,185,536 shares representing a 3.24% ownership interest in the company. In previous filings, the company reported he owned 4,205,570 shares.
Decrease
0.48%.office
gain
Portfolio allocation in RPM increased by 8.90% last quarter.
Victory Capital Management Inc holds 3,142,742 shares representing a 2.43% ownership interest in the company. In previous filings, the company reported he owned 2,969,705 shares.
will increase
of 5.51%.office
gain
The portfolio allocation in RPM increased by 14.72% last quarter.
RPM International Declares Dividend of $0.42
RPM International announced on January 3, 2023 that its board of directors has declared a regular quarterly dividend of $0.42 per share ($1.68 annualized). Shareholders of record on January 19, 2023 will receive payment on January 31, 2023. Previously, the company paid him $0.42 per share.
At a recent price of $87.14 / share, this stock has a dividend yield of 1.93%. Additionally, the company has a payout ratio of 0.41, indicating that it maintains a low percentage of earnings to reinvest in growth opportunities.
The company’s three-year dividend growth rate is 0.17%, demonstrating consistent dividend growth over the long term.
RPM International, Inc. Background Information
(This description is provided by the company.)
RPM International Inc. has subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates in his four reportable segments: Consumer, Construction Products, Performance Coatings and Specialty Products. RPM has a diverse portfolio that includes hundreds of market-leading brands such as Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces to infrastructure and precious landmarks, RPM brands are trusted by both consumers and professionals to help build a better world. The company employs approximately 14,600 people worldwide.
This story was originally published in Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
