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

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $130.70.

Several research firms have weighed in on RPM. Weiss Ratings reiterated a “buy (b-)” rating on shares of RPM International in a report on Wednesday, October 8th. Royal Bank Of Canada cut their price target on RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. Morgan Stanley boosted their price target on RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Mizuho boosted their price target on RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 25th. 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 report on Friday, July 25th.

RPM International Trading Up 0.5%

RPM stock opened at $109.25 on Friday. The business has a fifty day moving average price of $118.37 and a 200 day moving average price of $115.07. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.87 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. Analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were paid a $0.54 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, October 20th. RPM International’s dividend payout ratio is currently 40.37%.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the sale, the director owned 7,394 shares in the company, valued at $882,547.84. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the stock. Amundi lifted its stake in shares of RPM International by 2.3% in the 1st quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock valued at $19,135,000 after acquiring an additional 3,788 shares during the last quarter. United Services Automobile Association bought a new position in shares of RPM International in the 1st quarter valued at $948,000. Farther Finance Advisors LLC lifted its stake in shares of RPM International by 65.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company’s stock valued at $139,000 after acquiring an additional 500 shares during the last quarter. Strs Ohio bought a new position in shares of RPM International in the 1st quarter valued at $1,507,000. Finally, Parallel Advisors LLC raised its position in RPM International by 28.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company’s stock worth $118,000 after purchasing an additional 239 shares during the last quarter. 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.