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

RPM International Inc. (NYSE:RPM) has been given a consensus rating of “Moderate Buy” by the sixteen research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $127.25.

RPM has been the subject of a number of analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research note on Thursday, January 8th. Citigroup cut their target price on RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Mizuho reduced their target price on RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Robert W. Baird raised RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Wednesday, March 4th. Finally, BMO Capital Markets lowered their price target on RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th.

Insiders Place Their Bets

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the sale, the vice president directly owned 21,248 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of RPM International by 48.6% in the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 90 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of RPM International by 5.8% during the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after acquiring an additional 93 shares during the last quarter. Archer Investment Corp increased its holdings in shares of RPM International by 3.1% during the 3rd quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock worth $424,000 after acquiring an additional 108 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in RPM International by 21.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 108 shares during the period. Finally, LRI Investments LLC raised its stake in RPM International by 6.6% in the 4th quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company’s stock valued at $182,000 after acquiring an additional 108 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

Shares of RPM stock opened at $98.08 on Tuesday. The firm’s 50 day moving average price is $108.25 and its two-hundred day moving average price is $109.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22. RPM International has a 52-week low of $92.92 and a 52-week high of $129.12. The stock has a market cap of $12.56 billion, a PE ratio of 18.90, a PEG ratio of 2.37 and a beta of 1.09.

RPM International (NYSE:RPM) last issued its earnings results 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 the consensus estimate of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, analysts forecast that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, January 16th. RPM International’s dividend payout ratio is presently 41.62%.

RPM International Company Profile

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.