RPM International Inc. Declares Quarterly Dividend of $0.51 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Tuesday, April 1st, RTT News reports. Stockholders of record on Thursday, April 17th will be given a dividend of 0.51 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $2.04 annualized dividend and a dividend yield of 1.76%.

RPM International has raised its dividend by an average of 7.5% annually over the last three years and has raised its dividend annually for the last 51 consecutive 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 $6.13 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 33.3%.

RPM International Stock Up 1.5 %

RPM opened at $115.82 on Tuesday. RPM International has a 1 year low of $103.69 and a 1 year high of $141.79. The firm has a 50 day moving average price of $121.34 and a 200 day moving average price of $126.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company has a market cap of $14.89 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 earnings per share. Sell-side analysts expect that RPM International will post 5.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RPM. Mizuho reduced their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group increased their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

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.