RPM International (NYSE:RPM) Given New $143.00 Price Target at BMO Capital Markets

RPM International (NYSE:RPM) had its price target decreased by BMO Capital Markets from $148.00 to $143.00 in a report released on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the specialty chemicals company’s stock.

A number of other research analysts have also weighed in on RPM. Citigroup raised their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Mizuho reduced their target price on RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Bank of America lowered their price target on RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings downgraded RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

RPM International Trading Down 0.5%

Shares of NYSE:RPM opened at $109.78 on Monday. The business’s 50 day moving average price is $104.65 and its 200-day moving average price is $106.39. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44.

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

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be given a $0.54 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s dividend payout ratio is 41.62%.

Hedge Funds Weigh In On RPM International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC acquired a new stake in shares of RPM International in the 4th quarter worth $37,000. Rothschild Investment LLC boosted its position in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 549 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of RPM International during the 4th quarter valued at about $60,000. Resources Management Corp CT ADV grew its holdings in shares of RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after purchasing an additional 647 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new stake in RPM International during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.