RPM International Inc. (NYSE:RPM) Receives $126.00 Average Target Price from Brokerages

Shares of RPM International Inc. (NYSE:RPM) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $126.00.

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Bank of America boosted their price objective on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Citigroup lifted their target price on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada boosted their price target on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd.

Hedge Funds Weigh In On RPM International

Several hedge funds have recently made changes to their positions in RPM. Citizens Financial Group Inc. RI purchased a new position in RPM International during the 2nd quarter valued at about $498,000. Argyle Capital Partners LLC bought a new position in shares of RPM International in the second quarter valued at approximately $252,000. BlackRock Inc. bought a new position in shares of RPM International in the second quarter valued at approximately $1,456,684,000. Deutsche Bank AG purchased a new position in RPM International during the second quarter valued at approximately $25,999,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in RPM International during the 2nd quarter worth approximately $1,653,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Stock Performance

RPM stock opened at $117.21 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The firm has a market cap of $14.97 billion, a PE ratio of 22.72, a P/E/G ratio of 2.36 and a beta of 1.04. The business has a 50 day moving average of $107.81 and a 200-day moving average of $106.47. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $1.72 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that RPM International will post 6.02 earnings per share for the current 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 given a dividend of $0.54 per share. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.8%. RPM International’s dividend payout ratio is currently 41.86%.

About RPM International

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.