RPM International (NYSE:RPM) Reaches New 1-Year Low – What’s Next?

RPM International Inc. (NYSE:RPM)’s stock price reached a new 52-week low on Monday . The company traded as low as $103.20 and last traded at $103.20, with a volume of 34342 shares changing hands. The stock had previously closed at $108.23.

Analysts Set New Price Targets

RPM has been the topic of several analyst reports. Evercore ISI upgraded RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Mizuho cut their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut 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 note on Wednesday, January 8th. Finally, UBS Group increased their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, RPM International currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.33.

RPM International Trading Down 2.2 %

The company’s 50-day moving average is $120.27 and its 200 day moving average is $126.31. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The firm has a market cap of $13.61 billion, a PE ratio of 21.00, a P/E/G ratio of 1.97 and a beta of 1.06.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 26.76% and a net margin of 8.89%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. As a group, sell-side analysts predict that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, April 17th. RPM International’s dividend payout ratio (DPR) is 40.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in RPM International in the third quarter worth approximately $1,295,000. Toronto Dominion Bank boosted its holdings in RPM International by 33.0% in the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after purchasing an additional 4,062 shares in the last quarter. Janney Montgomery Scott LLC increased its position in RPM International by 9.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company’s stock worth $11,899,000 after buying an additional 8,725 shares during the last quarter. Geode Capital Management LLC raised its holdings in RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after buying an additional 145,070 shares in the last quarter. Finally, Pensionfund Sabic acquired a new stake in shares of RPM International in the fourth quarter worth about $1,354,000. Hedge funds and other 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.