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

Shares of RPM International Inc. (NYSE:RPM) have earned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $129.70.

A number of equities analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their price target on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. BMO Capital Markets restated an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd.

Insiders Place Their Bets

In other news, CAO Michael J. Laroche sold 3,615 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the transaction, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the sale, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in RPM International by 5.8% in the 3rd 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 during the last quarter. Pacer Advisors Inc. increased its stake in shares of RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after acquiring an additional 1,930,072 shares during the period. Bank of New York Mellon Corp increased its stake in shares of RPM International by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after acquiring an additional 61,218 shares during the period. Boston Trust Walden Corp raised its holdings in RPM International by 2.7% during the second quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock worth $53,765,000 after purchasing an additional 13,010 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in RPM International by 5.3% in the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock valued at $29,981,000 after purchasing an additional 12,791 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

Shares of RPM opened at $136.82 on Friday. 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 has a fifty-two week low of $100.56 and a fifty-two week high of $138.26. The company has a market cap of $17.61 billion, a P/E ratio of 28.68, a PEG ratio of 2.02 and a beta of 0.99. The firm’s 50 day moving average price is $128.47 and its 200 day moving average price is $118.20.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts forecast that RPM International will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, October 18th. This is an increase from RPM International’s previous quarterly dividend of $0.46. RPM International’s dividend payout ratio 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.