RPM International (NYSE:RPM) Issues Quarterly Earnings Results

RPM International (NYSE:RPM) announced its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04, Briefing.com reports. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. RPM International updated its Q4 2024 guidance to EPS.

RPM International Stock Performance

Shares of RPM stock opened at $112.96 on Friday. The company has a 50 day moving average price of $113.25 and a 200-day moving average price of $105.81. RPM International has a 52 week low of $78.52 and a 52 week high of $120.74. The firm has a market capitalization of $14.56 billion, a PE ratio of 26.03, a P/E/G ratio of 1.70 and a beta of 1.04. The company has a quick ratio of 1.45, a current ratio of 2.29 and a debt-to-equity ratio of 0.93.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. RPM International’s dividend payout ratio is currently 42.40%.

Analyst Upgrades and Downgrades

RPM has been the subject of several analyst reports. Mizuho increased their price target on shares of RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday. UBS Group raised their target price on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird increased their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, BMO Capital Markets decreased their price target on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $112.60.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 1,835 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now owns 8,180 shares of the company’s stock, valued at $892,029. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Frederick R. Nance sold 1,835 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now owns 8,180 shares of the company’s stock, valued at $892,029. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Matthew T. Ratajczak sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the transaction, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The disclosure for this sale can be found here. Insiders sold 10,215 shares of company stock worth $1,112,547 over the last three months. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

Several large investors have recently added to or reduced their stakes in the company. Sanibel Captiva Trust Company Inc. purchased a new position in RPM International during the fourth quarter valued at approximately $212,000. Public Employees Retirement System of Ohio lifted its holdings in RPM International by 2.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 54,439 shares of the specialty chemicals company’s stock valued at $6,077,000 after purchasing an additional 1,376 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in shares of RPM International in the fourth quarter worth $1,546,000. Baird Financial Group Inc. lifted its holdings in shares of RPM International by 0.7% in the fourth quarter. Baird Financial Group Inc. now owns 213,214 shares of the specialty chemicals company’s stock worth $23,801,000 after buying an additional 1,452 shares in the last quarter. Finally, Brevan Howard Capital Management LP lifted its holdings in shares of RPM International by 177.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,194 shares of the specialty chemicals company’s stock worth $915,000 after buying an additional 5,243 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.