RPM International Inc. Declares Quarterly Dividend of $0.51 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Friday, January 3rd,RTT News reports. Shareholders of record on Friday, January 17th will be paid a dividend of 0.51 per share by the specialty chemicals company on Friday, January 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.71%.

RPM International has raised its dividend payment by an average of 5.6% annually over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $6.20 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 32.9%.

RPM International Stock Down 3.1 %

Shares of NYSE RPM opened at $119.26 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. RPM International has a 12-month low of $100.82 and a 12-month high of $141.79. The firm’s 50-day moving average price is $132.02 and its 200-day moving average price is $122.77. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.98 and a beta of 1.00.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. On average, equities research analysts anticipate that RPM International will post 5.56 EPS for the current fiscal year.

Insider Activity

In other 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 transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the sale, the director now owns 8,526 shares of the company’s stock, 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. Over the last quarter, insiders sold 11,083 shares of company stock valued at $1,443,549. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Wells Fargo & Company upped their price target on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. Morgan Stanley raised their price objective 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. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 target price (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $131.00.

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.