RPM International Inc. (RPM) To Go Ex-Dividend on October 18th

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Thursday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.51 per share by the specialty chemicals company on Thursday, October 31st. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, October 18th. This is a boost from RPM International’s previous quarterly dividend of $0.46.

RPM International has increased its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend every year for the last 50 years. RPM International has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RPM International to earn $6.18 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 29.8%.

RPM International Trading Up 1.3 %

Shares of RPM opened at $128.92 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.97. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.84 and a beta of 1.00. The stock has a fifty day moving average price of $118.25 and a two-hundred day moving average price of $113.80. RPM International has a 52-week low of $88.84 and a 52-week high of $129.91.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. Analysts predict that RPM International will post 5.51 EPS for the current fiscal year.

Analyst Ratings Changes

RPM has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $149.00 price objective (up previously from $139.00) on shares of RPM International in a research report on Thursday. JPMorgan Chase & Co. upped their price target on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday. Mizuho lowered their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $126.91.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares in the company, valued at $2,866,890.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the transaction, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the sale, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

RPM International Company Profile

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.