RPM International (NYSE:RPM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other research firms have also issued reports on RPM. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Morgan Stanley reduced their price objective on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings cut shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Citigroup boosted their target price on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Stock Performance

Shares of NYSE RPM opened at $107.82 on Friday. The stock has a fifty day moving average price of $105.92 and a two-hundred day moving average price of $106.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The firm has a market cap of $13.77 billion, a P/E ratio of 20.90, a PEG ratio of 2.18 and a beta of 1.04. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 EPS. Research analysts forecast that RPM International will post 6.02 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be issued a $0.54 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s dividend payout ratio is presently 41.86%.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently modified their holdings of the business. E. Ohman J or Asset Management AB lifted its stake in RPM International by 36.4% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 4,306 shares of the specialty chemicals company’s stock worth $479,000 after acquiring an additional 1,150 shares in the last quarter. GAMMA Investing LLC grew its stake in RPM International by 25.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,589 shares of the specialty chemicals company’s stock valued at $288,000 after acquiring an additional 525 shares in the last quarter. Versant Capital Management Inc grew its stake in RPM International by 36.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company’s stock valued at $117,000 after acquiring an additional 278 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in shares of RPM International by 4.3% in the 1st quarter. Cozad Asset Management Inc. now owns 27,010 shares of the specialty chemicals company’s stock valued at $2,685,000 after purchasing an additional 1,124 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of RPM International in the 1st quarter valued at about $6,963,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.