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

Shares of RPM International Inc. (NYSE:RPM) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $127.00.

RPM has been the subject of a number of recent analyst reports. Zacks Research upgraded RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Citigroup boosted their price objective on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Mizuho decreased their price objective on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings cut shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th.

RPM International Trading Down 4.3%

RPM opened at $103.61 on Thursday. RPM International has a one year low of $92.92 and a one year high of $129.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. The business has a 50 day simple moving average of $104.70 and a two-hundred day simple moving average of $106.37. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.53 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, topping 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.35 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts predict that RPM International will post 5.46 EPS for the current year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be issued a $0.54 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.1%. RPM International’s dividend payout ratio (DPR) is 41.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. PFA Pension Forsikringsaktieselskab bought a new position in shares of RPM International in the 4th quarter worth approximately $54,307,000. California State Teachers Retirement System boosted its position in shares of RPM International by 14.5% during the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock valued at $41,065,000 after purchasing an additional 49,979 shares in the last quarter. Ameriprise Financial Inc. grew its stake in RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after purchasing an additional 888 shares during the period. Danske Bank A S grew its stake in RPM International by 13.7% in the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after purchasing an additional 20,176 shares during the period. Finally, Life Cycle Investment Partners Ltd bought a new position in RPM International in the fourth quarter worth $16,175,000. Hedge funds and other institutional investors 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.