RPM International Inc. (NYSE:RPM) Stock Has Average Price Target of $121.71 According to Analysts

RPM International Inc. (NYSE:RPM) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $121.71.

A number of equities analysts recently issued reports on the company. UBS Group cut their target price on RPM International from $142.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Wells Fargo & Company cut their price objective on RPM International from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Royal Bank Of Canada decreased their price objective on shares of RPM International from $128.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th.

Institutional Trading of RPM International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fortitude Family Office LLC raised its holdings in RPM International by 111.4% in the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 195 shares in the last quarter. Benedict Financial Advisors Inc. grew its holdings in shares of RPM International by 0.8% during the third quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock valued at $2,529,000 after buying an additional 197 shares during the last quarter. GAMMA Investing LLC boosted its stake in RPM International by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock valued at $276,000 after purchasing an additional 209 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of RPM International during the second quarter valued at $26,000. Finally, Versant Capital Management Inc boosted its position in shares of RPM International by 36.0% during the second quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 278 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

RPM International Price Performance

RPM International stock opened at $99.43 on Friday. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.76 and a beta of 1.05. RPM International has a 52-week low of $92.92 and a 52-week high of $121.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.76. The stock’s 50 day moving average price is $102.97 and its two-hundred day moving average price is $104.69.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company earned $1.88 EPS. RPM International’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts predict that RPM International will post 5.96 earnings per share for the current year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 2.3%. RPM International’s dividend payout ratio is 40.00%.

RPM International Company Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves industrial, construction, commercial and consumer markets through a portfolio of businesses that develop products designed to protect, repair, maintain and enhance buildings, infrastructure, equipment and other surfaces.

RPM’s products include architectural and industrial coatings, waterproofing systems, roofing materials, flooring systems, caulks, adhesives, sealants and repair products.