RPM International Inc. (NYSE:RPM) Given Average Rating of “Hold” by Analysts

RPM International Inc. (NYSE:RPM) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $129.70.

Several brokerages recently commented on RPM. Morgan Stanley increased their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada lifted their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd.

RPM International Stock Down 0.7 %

NYSE:RPM opened at $133.82 on Wednesday. The stock 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 company has a market cap of $17.22 billion, a PE ratio of 28.05, a PEG ratio of 2.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $1.64 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend yield of 1.52%. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Activity

In related news, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This trade represents a 14.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the transaction, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,083 shares of company stock valued at $1,443,549 over the last quarter. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after purchasing an additional 145,070 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of RPM International by 9,945.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after buying an additional 1,930,072 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after buying an additional 61,218 shares during the period. Boston Trust Walden Corp increased its stake in shares of RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock valued at $53,765,000 after acquiring an additional 13,010 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of RPM International by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock valued at $29,228,000 after acquiring an additional 1,919 shares during the period. Institutional investors own 80.95% of the company’s stock.

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.