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

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $132.00.

Several research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group lifted their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Finally, Mizuho dropped their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th.

RPM International Stock Down 1.6 %

Shares of NYSE:RPM opened at $113.98 on Friday. The company has a 50 day moving average of $122.59 and a two-hundred day moving average of $126.47. RPM International has a 52-week low of $103.69 and a 52-week high of $141.79. 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 $14.65 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.22 EPS. As a group, analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.79%. RPM International’s payout ratio is currently 40.32%.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 84 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of RPM International during the fourth quarter valued at $37,000. Farther Finance Advisors LLC grew its position in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 155 shares during the last quarter. Fairway Wealth LLC increased its holdings in shares of RPM International by 829.8% in the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 390 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position in RPM International by 148.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 320 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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.