RPM International Inc. (NYSE:RPM) Given Consensus Recommendation of “Hold” by Brokerages

RPM International Inc. (NYSE:RPM) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $130.1818.

RPM has been the subject of a number of research analyst reports. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $129.00 in a research report on Tuesday, October 14th. Royal Bank Of Canada lowered their price objective on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a report on Wednesday, November 19th. UBS Group lifted their target price on shares of RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Finally, Evercore ISI lowered their price target on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th.

Insiders Place Their Bets

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total transaction of $40,376.25. Following the completion of the transaction, the director owned 21,578 shares of the company’s stock, valued at approximately $2,323,303.26. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RPM. Danske Bank A S acquired a new stake in shares of RPM International during the 3rd quarter worth about $17,362,000. Boston Trust Walden Corp boosted its position in RPM International by 18.1% during the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after acquiring an additional 92,358 shares during the last quarter. California State Teachers Retirement System grew its stake in RPM International by 21.7% in the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after acquiring an additional 63,532 shares during the period. ABN Amro Investment Solutions acquired a new position in RPM International in the 2nd quarter valued at $6,553,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of RPM International by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after purchasing an additional 33,016 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

Shares of NYSE:RPM opened at $107.28 on Wednesday. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. The business’s 50 day simple moving average is $111.71 and its 200-day simple moving average is $115.17. RPM International has a 12 month low of $95.28 and a 12 month high of $141.19.

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

RPM International Increases Dividend

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

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.