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

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $132.00.

RPM has been the topic of a number of recent research reports. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Mizuho decreased their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st.

RPM International Price Performance

Shares of NYSE:RPM opened at $121.53 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. RPM International has a 1 year low of $103.63 and a 1 year high of $141.79. The business has a fifty day simple moving average of $128.36 and a 200 day simple moving average of $125.37. The firm has a market cap of $15.62 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 2.02 and a beta of 1.01.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.22 earnings per share. As a group, sell-side analysts predict that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio is presently 40.32%.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the transaction, the director now directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV grew its stake in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares during the period. Christopher J. Hasenberg Inc bought a new stake in shares of RPM International during the 3rd quarter valued at about $35,000. Crews Bank & Trust purchased a new position in shares of RPM International during the 4th quarter valued at about $37,000. Eastern Bank purchased a new position in shares of RPM International during the 3rd quarter valued at about $41,000. Finally, UMB Bank n.a. increased its stake in RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares during the period. Institutional investors 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.