RPM International Inc. (NYSE:RPM) Given Consensus Rating of “Hold” by Brokerages
RPM International Inc. (NYSE:RPM) has received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $57.50.
RPM has been the subject of several recent analyst reports. Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, May 2nd. Seaport Global Securities raised RPM International from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $60.00 in a report on Tuesday, May 16th. Royal Bank Of Canada reissued a “hold” rating and issued a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. Finally, BidaskClub cut RPM International from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.
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Shares of RPM International (RPM) traded up 0.11% on Friday, hitting $54.65. The stock had a trading volume of 446,980 shares. RPM International has a one year low of $46.25 and a one year high of $56.48. The firm’s 50-day moving average is $55.16 and its 200-day moving average is $53.56. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 34.99 and a beta of 1.55.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $1.20 annualized dividend and a yield of 2.20%. RPM International’s dividend payout ratio is presently 79.47%.
Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of RPM International during the first quarter valued at about $116,000. Trust Co. of Vermont boosted its position in shares of RPM International by 116.9% in the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 1,520 shares in the last quarter. Timber Hill LLC purchased a new position in shares of RPM International during the first quarter valued at about $234,000. DF Dent & Co. Inc. boosted its position in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of RPM International by 4.1% in the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock valued at $248,000 after buying an additional 176 shares in the last quarter. 72.54% of the stock is owned by hedge funds and other institutional investors.
RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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