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

Shares of RPM International Inc. (NYSE:RPM) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $132.00.

Several research analysts have weighed in on the company. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. UBS Group boosted their target price on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RPM. Fifth Third Wealth Advisors LLC grew its holdings in RPM International by 8.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,805 shares of the specialty chemicals company’s stock valued at $581,000 after purchasing an additional 382 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of RPM International during the third quarter valued at approximately $330,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of RPM International by 2,975.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after buying an additional 194,215 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in shares of RPM International by 37.8% in the third quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock worth $221,000 after buying an additional 501 shares during the period. Finally, Dorsey Wright & Associates lifted its stake in shares of RPM International by 4.0% during the 3rd quarter. Dorsey Wright & Associates now owns 26,194 shares of the specialty chemicals company’s stock worth $3,169,000 after acquiring an additional 1,006 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Up 0.3 %

Shares of RPM stock opened at $116.40 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. RPM International has a one year low of $103.69 and a one year high of $141.79. The company’s fifty day moving average price is $121.80 and its 200-day moving average price is $126.49. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.75%. RPM International’s dividend payout ratio is presently 40.32%.

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.