RPM International Inc. (NYSE:RPM) Receives Average Recommendation of “Moderate Buy” from Analysts

RPM International Inc. (NYSE:RPM) has been assigned an average rating of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $126.75.

RPM has been the subject of a number of analyst reports. Royal Bank Of Canada upgraded shares of RPM International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $121.00 to $132.00 in a report on Tuesday, December 9th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a report on Thursday, January 8th. Evercore dropped their price target on RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. BMO Capital Markets lowered their target price on RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Finally, Zacks Research lowered shares of RPM International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd.

Insider Activity at RPM International

In related news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the transaction, the vice president directly owned 21,248 shares in the company, valued at approximately $2,343,866.88. This trade represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

Several hedge funds have recently made changes to their positions in RPM. Boston Trust Walden Corp lifted its position in shares of RPM International by 8.5% in the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after purchasing an additional 51,152 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of RPM International in the 4th quarter valued at about $54,307,000. California State Teachers Retirement System increased its position in shares of RPM International by 21.7% in the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after acquiring an additional 63,532 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in RPM International by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after acquiring an additional 888 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in RPM International by 0.4% during the second quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock valued at $30,696,000 after purchasing an additional 1,076 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Stock Performance

Shares of RPM International stock opened at $118.15 on Monday. RPM International has a 52 week low of $95.28 and a 52 week high of $129.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.84 and a beta of 1.10. The firm has a fifty day moving average of $109.02 and a two-hundred day moving average of $113.34.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a net margin of 8.79% and a return on equity of 22.49%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that RPM International will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.16 annualized dividend and a dividend yield of 1.8%. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

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.