RPM International Inc. (NYSE:RPM) Receives Average Rating of “Hold” from Analysts

Shares of RPM International Inc. (NYSE:RPM) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $129.70.

A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. BMO Capital Markets restated an “outperform” rating and set a $149.00 price objective (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd.

RPM International Price Performance

Shares of RPM International stock opened at $132.27 on Tuesday. RPM International has a one year low of $88.84 and a one year high of $134.56. The stock’s fifty day moving average is $121.55 and its 200 day moving average is $114.80. The stock has a market cap of $17.02 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26.

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 analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $1.64 EPS. RPM International’s revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that RPM International will post 5.55 earnings per share for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.51 per share. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, October 18th. RPM International’s payout ratio is presently 38.57%.

Insiders Place Their Bets

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,691 shares of company stock valued at $7,202,419 over the last ninety days. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC boosted its position in shares of RPM International by 3.0% during the first quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock valued at $456,000 after buying an additional 110 shares during the period. GAMMA Investing LLC boosted its position in shares of RPM International by 15.5% during the second quarter. GAMMA Investing LLC now owns 933 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 125 shares during the period. Summit Financial LLC boosted its position in shares of RPM International by 5.9% during the second quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock valued at $271,000 after buying an additional 141 shares during the period. SVB Wealth LLC boosted its holdings in shares of RPM International by 3.0% in the first quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock valued at $653,000 after purchasing an additional 159 shares during the period. Finally, Motley Fool Asset Management LLC boosted its holdings in shares of RPM International by 8.1% in the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 197 shares during the period. 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.