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

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

A number of analysts have recently weighed in on the stock. Mizuho cut their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. UBS Group upped their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th.

RPM International Stock Performance

NYSE RPM opened at $121.13 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $15.57 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.97 and a beta of 1.01. RPM International has a 12-month low of $103.68 and a 12-month high of $141.79. The firm has a 50-day moving average price of $124.40 and a two-hundred day moving average price of $126.01.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s payout ratio is currently 40.32%.

Hedge Funds Weigh In On RPM International

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in shares of RPM International by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock valued at $336,198,000 after acquiring an additional 79,256 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of RPM International by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after acquiring an additional 87,540 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of RPM International by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock valued at $74,607,000 after acquiring an additional 4,536 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of RPM International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after acquiring an additional 15,602 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of RPM International by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company’s stock valued at $37,577,000 after acquiring an additional 12,579 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

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.