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

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $129.70.

A number of equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada raised their target price 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. Finally, StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

Insider Buying and Selling

In other news, VP Tracy D. Crandall sold 3,718 shares of the 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 owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This represents a 14.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock worth $1,443,549 over the last three months. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPM. Creative Financial Designs Inc. ADV boosted its position in shares of RPM International by 61.7% during 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 in the last quarter. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the 3rd quarter worth approximately $35,000. Eastern Bank acquired a new stake in RPM International during the 3rd quarter worth approximately $41,000. UMB Bank n.a. boosted its holdings in shares of RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 281 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of RPM International during the second quarter worth $45,000. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Down 0.7 %

Shares of RPM opened at $133.82 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The company has a 50-day simple moving average of $133.47 and a 200-day simple moving average of $121.00. RPM International has a 52 week low of $100.82 and a 52 week high of $141.79. The firm has a market capitalization of $17.22 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.05 and a beta of 1.00.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 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 firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities research analysts expect that RPM International will post 5.56 earnings per share for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a dividend of $0.51 per share. The ex-dividend date was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.52%. This is an increase from RPM International’s previous quarterly dividend of $0.46. RPM International’s payout ratio is presently 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.