RPM International Inc. (NYSE:RPM) Given Average Recommendation of “Moderate Buy” by Analysts

RPM International Inc. (NYSE:RPM) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $128.00.

A number of research firms have commented on RPM. UBS Group cut their price target on shares of RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. KeyCorp reaffirmed a “sector weight” rating on shares of RPM International in a report on Friday, January 9th. Mizuho set a $120.00 target price on shares of RPM International in a research report on Thursday, January 8th. Morgan Stanley restated a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $117.00 to $115.00 in a research note on Friday, January 9th.

Insider Buying and Selling

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total transaction of $379,576.71. Following the transaction, the vice president directly owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. This trade represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On RPM International

A number of large investors have recently added to or reduced their stakes in RPM. Boston Trust Walden Corp lifted its stake in RPM International by 8.5% in the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after purchasing an additional 51,152 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of RPM International in the fourth quarter worth about $54,307,000. California State Teachers Retirement System lifted its stake in shares of RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock valued at $41,065,000 after acquiring an additional 49,979 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in RPM International by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after acquiring an additional 888 shares during the period. Finally, Baird Financial Group Inc. grew its position in RPM International by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock worth $30,696,000 after acquiring an additional 1,076 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

Shares of NYSE RPM opened at $104.94 on Friday. The stock’s 50-day simple moving average is $111.23 and its two-hundred day simple moving average is $112.77. RPM International has a twelve month low of $95.28 and a twelve month high of $129.12. The firm has a market capitalization of $13.44 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. As a group, equities analysts anticipate that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $0.54 dividend. The ex-dividend date was Friday, January 16th. This represents a $2.16 dividend on an annualized basis and a yield of 2.1%. RPM International’s payout ratio is presently 41.62%.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.