RPM International (NYSE:RPM) Given New $125.00 Price Target at Royal Bank Of Canada

RPM International (NYSE:RPM) had its target price increased by Royal Bank Of Canada from $115.00 to $125.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a sector perform rating on the specialty chemicals company’s stock.

Several other research analysts also recently weighed in on RPM. Mizuho boosted their target price on RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley boosted their target price on RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday. BMO Capital Markets boosted their price target on RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup assumed coverage on RPM International in a research note on Monday, June 2nd. They set a “buy” rating and a $135.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.40.

RPM International Stock Down 1.0%

Shares of RPM stock opened at $121.54 on Monday. RPM International has a 1-year low of $95.28 and a 1-year high of $141.79. The stock’s fifty day moving average price is $112.68 and its 200 day moving average price is $114.96. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.16 and a quick ratio of 1.45. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.25 and a beta of 1.03.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.12. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $1.56 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts expect that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.68%. RPM International’s dividend payout ratio (DPR) is presently 38.13%.

Hedge Funds Weigh In On RPM International

Several institutional investors and hedge funds have recently modified their holdings of RPM. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of RPM International by 277.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 buying an additional 118 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of RPM International by 82.1% in the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock valued at $89,000 after buying an additional 344 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock valued at $106,000 after buying an additional 384 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of RPM International by 28.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock valued at $118,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

About RPM International

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.