RPM International Inc. (NYSE:RPM) Receives $129.70 Consensus PT from Analysts

RPM International Inc. (NYSE:RPM) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $129.70.

Several equities research analysts have issued reports on RPM shares. Deutsche Bank Aktiengesellschaft lifted their price target on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley lifted 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. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their price target on RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price target (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd.

Insider Activity

In other news, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This trade represents a 14.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederick R. Nance sold 594 shares of the company’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 sale, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,083 shares of company stock worth $1,443,549 over the last 90 days. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Trust Walden Corp boosted its holdings in RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock worth $53,765,000 after buying an additional 13,010 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of RPM International in the second quarter worth about $3,676,000. Fifth Third Wealth Advisors LLC bought a new position in RPM International during the second quarter valued at approximately $476,000. MeadowBrook Investment Advisors LLC increased its stake in RPM International by 54.5% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $166,000 after acquiring an additional 545 shares during the last quarter. Finally, LRI Investments LLC grew its holdings in shares of RPM International by 397.9% in the second quarter. LRI Investments LLC now owns 2,181 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 1,743 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Trading Down 0.3 %

Shares of RPM opened at $132.41 on Wednesday. The business’s 50-day moving average price is $133.77 and its 200-day moving average price is $121.31. The stock has a market cap of $17.04 billion, a PE ratio of 27.76, a P/E/G ratio of 2.00 and a beta of 1.00. RPM International has a twelve month low of $100.82 and a twelve month high of $141.79. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. RPM International’s revenue was down 2.1% on a year-over-year basis. On average, equities analysts forecast that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a dividend of $0.51 per share. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio (DPR) is currently 42.77%.

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.