RPM International Inc. (NYSE:RPM) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $61.60.
Several equities research analysts have weighed in on RPM shares. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Wednesday, July 18th. Royal Bank of Canada restated a “hold” rating and set a $60.00 price target on shares of RPM International in a report on Thursday, October 4th. Seaport Global Securities restated a “hold” rating and set a $66.00 price target on shares of RPM International in a report on Thursday, July 26th. Zacks Investment Research downgraded RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, Morgan Stanley set a $70.00 price target on RPM International and gave the stock an “overweight” rating in a report on Friday, July 20th.
RPM traded down $1.02 during mid-day trading on Thursday, hitting $63.05. 344,671 shares of the stock were exchanged, compared to its average volume of 1,324,013. RPM International has a 1-year low of $46.36 and a 1-year high of $68.13. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 1.41. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.96 and a beta of 1.34.
RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.10). RPM International had a return on equity of 22.77% and a net margin of 5.36%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $0.86 EPS. RPM International’s revenue was up 8.5% on a year-over-year basis. On average, research analysts forecast that RPM International will post 2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, October 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from RPM International’s previous quarterly dividend of $0.32. RPM International’s dividend payout ratio is presently 47.95%.
In other RPM International news, Director John M. Ballbach acquired 3,360 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were acquired at an average price of $59.53 per share, for a total transaction of $200,020.80. Following the acquisition, the director now owns 13,260 shares in the company, valued at approximately $789,367.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kirkland B. Andrews acquired 2,000 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was acquired at an average price of $60.21 per share, for a total transaction of $120,420.00. Following the acquisition, the director now owns 3,800 shares in the company, valued at approximately $228,798. The disclosure for this purchase can be found here. In the last quarter, insiders bought 10,360 shares of company stock worth $640,741. Company insiders own 1.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its stake in RPM International by 277.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 21,500 shares of the specialty chemicals company’s stock worth $1,254,000 after buying an additional 15,800 shares during the last quarter. Cozad Asset Management Inc. purchased a new position in RPM International during the 2nd quarter worth approximately $2,433,000. Elefante Mark B purchased a new position in RPM International during the 2nd quarter worth approximately $213,000. Madison Investment Holdings Inc. grew its stake in RPM International by 0.4% during the 2nd quarter. Madison Investment Holdings Inc. now owns 452,801 shares of the specialty chemicals company’s stock worth $26,407,000 after buying an additional 1,973 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in RPM International by 22,393.9% during the 2nd quarter. Captrust Financial Advisors now owns 11,022 shares of the specialty chemicals company’s stock worth $643,000 after buying an additional 10,973 shares during the last quarter. Institutional investors and hedge funds own 79.12% of the company’s stock.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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