RPM International Inc. (NYSE:RPM) Receives Average Recommendation of “Hold” from Brokerages

RPM International Inc. (NYSE:RPM) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $129.70.

A number of brokerages have commented on RPM. Royal Bank of Canada raised 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. Mizuho reduced their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, July 26th. BMO Capital Markets restated an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price target on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Finally, StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

Insider Activity

In related news, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the sale, the director now owns 8,526 shares in the company, valued at $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew T. Ratajczak sold 3,156 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares in the company, valued at approximately $2,727,311.25. This trade represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,083 shares of company stock worth $1,443,549. Insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV raised its stake in shares of RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in shares of RPM International during the third quarter valued at approximately $35,000. Cambridge Trust Co. increased its position in shares of RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 246 shares during the last quarter. Versant Capital Management Inc increased its position in shares of RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 318 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of RPM International during the third quarter valued at approximately $41,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Down 0.5 %

RPM stock opened at $135.30 on Friday. The firm has a 50 day simple moving average of $128.08 and a 200-day simple moving average of $117.85. RPM International has a twelve month low of $100.56 and a twelve month high of $138.26. The company has a market capitalization of $17.41 billion, a P/E ratio of 28.36, a PEG ratio of 2.03 and a beta of 0.99. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. On average, equities research analysts predict 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. RPM International’s dividend payout ratio (DPR) is 42.77%.

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.