RPM International Inc. (NYSE:RPM) Receives Consensus Rating of “Hold” from Analysts

RPM International Inc. (NYSE:RPM) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $130.1818.

A number of brokerages have recently commented on RPM. Royal Bank Of Canada cut their target price on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. Evercore ISI reduced their price objective on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a research report on Monday. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $129.00 in a research note on Tuesday, October 14th. Finally, UBS Group raised their price target on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th.

RPM International Trading Down 1.4%

Shares of RPM International stock opened at $105.39 on Wednesday. The company has a fifty day simple moving average of $110.18 and a 200-day simple moving average of $114.90. RPM International has a 12-month low of $95.28 and a 12-month high of $140.41. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.97 and a beta of 1.11.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. RPM International’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. On average, equities analysts forecast that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.51. RPM International’s payout ratio is presently 40.37%.

Insider Buying and Selling at RPM International

In other news, Director Salvatore D. Fazzolari sold 375 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $107.67, for a total value of $40,376.25. Following the completion of the transaction, the director owned 21,578 shares in the company, valued at $2,323,303.26. This trade represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of RPM International

Institutional investors have recently added to or reduced their stakes in the stock. Cozad Asset Management Inc. increased its holdings in RPM International by 2.0% in the first quarter. Cozad Asset Management Inc. now owns 26,914 shares of the specialty chemicals company’s stock valued at $3,113,000 after buying an additional 518 shares in the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of RPM International by 136.6% in the 1st quarter. Cary Street Partners Financial LLC now owns 6,001 shares of the specialty chemicals company’s stock worth $694,000 after acquiring an additional 3,465 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in RPM International by 43.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 118 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in RPM International by 19.0% during the first quarter. iA Global Asset Management Inc. now owns 2,058 shares of the specialty chemicals company’s stock worth $238,000 after purchasing an additional 328 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in RPM International by 16.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,437 shares of the specialty chemicals company’s stock worth $1,323,000 after purchasing an additional 1,647 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.