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

RPM International Inc. (NYSE:RPM) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $126.75.

A number of research firms have weighed in on RPM. JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $117.00 to $115.00 in a report on Friday, January 9th. Zacks Research lowered shares of RPM International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $129.00 in a research note on Tuesday, October 14th. Evercore lowered their price target on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Finally, BMO Capital Markets dropped their price target on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th.

Insider Activity at RPM International

In related news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the transaction, the vice president owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently made changes to their positions in the business. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of RPM International during the fourth quarter worth approximately $54,307,000. Danske Bank A S acquired a new stake in RPM International in the third quarter valued at $17,362,000. Boston Trust Walden Corp boosted its stake in RPM International by 18.1% during the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock valued at $66,076,000 after acquiring an additional 92,358 shares during the last quarter. California State Teachers Retirement System grew its holdings in RPM International by 21.7% during 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 in the last quarter. Finally, ABN Amro Investment Solutions bought a new stake in shares of RPM International in the 2nd quarter worth about $6,553,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Stock Up 1.8%

Shares of RPM International stock opened at $117.16 on Monday. RPM International has a twelve month low of $95.28 and a twelve month high of $129.12. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.81 and a beta of 1.10. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average price of $107.70 and a 200 day moving average price of $113.42.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a return on equity of 22.49% and a net margin of 8.79%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, January 16th. RPM International’s payout ratio is presently 41.62%.

RPM International Company Profile

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.