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

RPM International Inc. (NYSE:RPM) has been assigned an average recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $129.70.

RPM has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley raised their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Friday, November 1st.

Insider Buying and Selling

In related news, CAO Michael J. Laroche sold 3,615 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at $1,474,315.44. This represents a 23.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,083 shares of company stock valued at $1,443,549. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Several institutional investors have recently bought and sold shares of the company. Covestor Ltd raised its holdings in shares of RPM International by 122.9% during the first quarter. Covestor Ltd now owns 740 shares of the specialty chemicals company’s stock worth $88,000 after purchasing an additional 408 shares during the last quarter. InterOcean Capital Group LLC purchased a new position in RPM International during the 1st quarter valued at about $200,000. LRI Investments LLC purchased a new stake in RPM International during the 1st quarter worth approximately $241,000. SVB Wealth LLC grew its stake in RPM International by 3.0% during the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 159 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in RPM International by 5.3% in the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock valued at $29,981,000 after acquiring an additional 12,791 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Trading Down 0.5 %

Shares of RPM stock opened at $135.30 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International has a 52-week low of $100.56 and a 52-week high of $138.26. The company has a market capitalization of $17.41 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The business’s fifty day moving average is $128.08 and its 200 day moving average is $117.85.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $1.64 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that RPM International will post 5.55 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a dividend of $0.51 per share. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.51%. RPM International’s payout ratio is presently 42.77%.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.