RPM International (NYSE:RPM) Coverage Initiated at Citigroup

Citigroup started coverage on shares of RPM International (NYSE:RPM) in a research report report published on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $135.00 price objective on the specialty chemicals company’s stock.

A number of other brokerages have also recently commented on RPM. Morgan Stanley reduced their target price on shares of RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada dropped their price target on shares of RPM International from $126.00 to $116.00 and set a “sector perform” rating for the company in a research report on Thursday, April 10th. Robert W. Baird dropped their price target on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Fermium Researc upgraded shares of RPM International to a “hold” rating in a research report on Wednesday, April 9th. Finally, UBS Group dropped their price target on shares of RPM International from $113.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.27.

RPM International Stock Down 1.1%

Shares of RPM stock opened at $112.60 on Monday. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79. The stock has a market cap of $14.46 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.97 and a beta of 1.08. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The company has a 50 day simple moving average of $109.31 and a two-hundred day simple moving average of $119.99.

RPM International (NYSE:RPM) last announced its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. On average, research analysts expect that RPM International will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.51 per share. The ex-dividend date was Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.81%. RPM International’s dividend payout ratio is 40.88%.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of RPM International during the first quarter worth $1,507,000. United Services Automobile Association bought a new position in shares of RPM International during the first quarter worth $948,000. Amundi raised its stake in RPM International by 2.3% during the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock valued at $19,135,000 after purchasing an additional 3,788 shares in the last quarter. Baird Financial Group Inc. raised its stake in RPM International by 6.3% during the first quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock valued at $32,204,000 after purchasing an additional 16,549 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its stake in RPM International by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company’s stock valued at $1,704,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 80.95% 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. 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.