RPM International Inc. (NYSE:RPM) Receives Consensus Rating of “Moderate Buy” from Analysts

RPM International Inc. (NYSE:RPM) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $132.00.

A number of research firms recently commented on RPM. Royal Bank of Canada lifted their price target on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. UBS Group boosted their price objective on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Mizuho lowered their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, 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 research report on Thursday, October 3rd.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec grew its holdings in RPM International by 2,975.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after acquiring an additional 194,215 shares during the period. Geode Capital Management LLC increased its holdings in RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after purchasing an additional 145,070 shares in the last quarter. Forsta AP Fonden lifted its stake in RPM International by 166.7% in the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after buying an additional 43,000 shares during the period. Boston Trust Walden Corp grew its position in shares of RPM International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after buying an additional 15,602 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of RPM International by 56.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock valued at $4,164,000 after acquiring an additional 12,470 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Down 1.0 %

Shares of RPM International stock opened at $126.16 on Thursday. The business’s 50 day simple moving average is $129.14 and its 200 day simple moving average is $125.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The firm has a market cap of $16.22 billion, a PE ratio of 24.93, a P/E/G ratio of 2.03 and a beta of 1.02. RPM International has a 52-week low of $103.63 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the firm posted $1.22 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that RPM International will post 5.51 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.51 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.62%. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

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.