Citigroup Issues Positive Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its price objective increased by Citigroup from $125.00 to $128.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other reports. Wall Street Zen upgraded RPM International from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Royal Bank Of Canada lifted their target price on RPM International from $126.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 13th. BMO Capital Markets decreased their target price on RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Weiss Ratings lowered RPM International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Finally, Robert W. Baird upgraded RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 target price for the company in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, RPM International currently has an average rating of “Moderate Buy” and an average price target of $127.42.

RPM International Trading Down 0.9%

Shares of NYSE RPM opened at $106.00 on Friday. RPM International has a twelve month low of $92.92 and a twelve month high of $129.12. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $101.71 and a 200-day simple moving average of $105.95. The stock has a market capitalization of $13.53 billion, a PE ratio of 20.42, a PEG ratio of 2.73 and a beta of 1.04.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that RPM International will post 5.46 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, April 16th. RPM International’s payout ratio is 41.62%.

Institutional Trading of RPM International

A number of institutional investors have recently bought and sold shares of the business. PFA Pension Forsikringsaktieselskab purchased a new stake in RPM International during the 4th quarter worth about $54,307,000. California State Teachers Retirement System lifted its holdings in RPM International by 14.5% during the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after buying an additional 49,979 shares during the last quarter. Ameriprise Financial Inc. lifted 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 worth $37,260,000 after buying an additional 888 shares during the last quarter. Danske Bank A S lifted its holdings in RPM International by 13.7% during the 4th quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after buying an additional 20,176 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new stake in RPM International during the 4th quarter worth about $16,175,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.