Analysts Set RPM International Inc. (NYSE:RPM) Price Target at $132.00

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

A number of research firms have recently commented on RPM. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Evercore ISI raised RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. Mizuho cut their target price on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group boosted their target price on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System grew its holdings in shares of RPM International by 3.5% during the fourth quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company’s stock valued at $36,617,000 after buying an additional 10,185 shares in the last quarter. Putney Financial Group LLC acquired a new position in RPM International in the 4th quarter worth about $308,000. Strive Asset Management LLC acquired a new position in RPM International in the 4th quarter worth about $686,000. Cary Street Partners Financial LLC acquired a new position in RPM International in the 4th quarter worth about $312,000. Finally, Baird Financial Group Inc. increased its position in RPM International by 0.5% in the 4th quarter. Baird Financial Group Inc. now owns 261,835 shares of the specialty chemicals company’s stock worth $32,221,000 after purchasing an additional 1,416 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Up 0.3 %

Shares of RPM International stock opened at $114.42 on Friday. The business’s fifty day moving average price is $122.46 and its two-hundred day moving average price is $126.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The company has a market capitalization of $14.71 billion, a P/E ratio of 22.61, a PEG ratio of 1.97 and a beta of 1.00. RPM International has a 1-year low of $103.69 and a 1-year high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business earned $1.22 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.78%. RPM International’s dividend payout ratio is 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.