Shares of RPM International Inc. (NYSE:RPM – Get Rating) have been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $98.00.
A number of equities analysts recently weighed in on RPM shares. BMO Capital Markets dropped their target price on shares of RPM International from $115.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. Bank of America lowered shares of RPM International from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded shares of RPM International from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $85.00 to $100.00 in a research report on Thursday, January 6th. Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a research report on Monday, March 28th. Finally, Royal Bank of Canada increased their price objective on shares of RPM International from $87.00 to $94.00 and gave the company a “sector perform” rating in a research report on Monday, January 10th.
RPM opened at $84.89 on Friday. The firm has a market cap of $10.99 billion, a P/E ratio of 24.61, a PEG ratio of 4.42 and a beta of 0.90. RPM International has a 1-year low of $75.11 and a 1-year high of $101.48. The company has a 50 day simple moving average of $83.22 and a two-hundred day simple moving average of $88.64. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.45 and a quick ratio of 0.84.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 13th. This represents a $1.60 annualized dividend and a yield of 1.88%. RPM International’s dividend payout ratio (DPR) is currently 46.38%.
In other news, CAO Michael J. Laroche sold 1,476 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $83.55, for a total value of $123,319.80. Following the sale, the chief accounting officer now owns 6,525 shares of the company’s stock, valued at $545,163.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in RPM International by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company’s stock worth $161,533,000 after buying an additional 34,887 shares during the period. GW&K Investment Management LLC increased its stake in RPM International by 5.7% in the 4th quarter. GW&K Investment Management LLC now owns 567,849 shares of the specialty chemicals company’s stock worth $57,352,000 after buying an additional 30,423 shares during the period. Boston Trust Walden Corp increased its stake in RPM International by 13.1% in the 1st quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock worth $45,152,000 after buying an additional 64,242 shares during the period. Parametric Portfolio Associates LLC increased its stake in RPM International by 5.9% in the 4th quarter. Parametric Portfolio Associates LLC now owns 396,475 shares of the specialty chemicals company’s stock worth $40,044,000 after buying an additional 22,067 shares during the period. Finally, Renaissance Group LLC increased its stake in RPM International by 11.0% in the 4th quarter. Renaissance Group LLC now owns 321,653 shares of the specialty chemicals company’s stock worth $32,487,000 after buying an additional 31,830 shares during the period. 79.96% of the stock is currently owned by institutional investors and hedge funds.
RPM International Company Profile (Get Rating)
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.
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