RPM International Inc. (NYSE:RPM) Receives $129.70 Average Price Target from Analysts

Shares of RPM International Inc. (NYSE:RPM) have received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $129.70.

Several analysts have recently weighed in on RPM shares. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Morgan Stanley boosted their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their target price on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Tuesday, July 16th.

Insider Activity at RPM International

In related news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,409 shares of company stock worth $7,699,553 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of RPM International by 56.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock worth $4,164,000 after buying an additional 12,470 shares in the last quarter. Forsta AP Fonden lifted its holdings in shares of RPM International by 166.7% in the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after purchasing an additional 43,000 shares in the last quarter. Eastern Bank acquired a new stake in shares of RPM International in the third quarter valued at approximately $41,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of RPM International by 3.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 21,585 shares of the specialty chemicals company’s stock worth $2,612,000 after purchasing an additional 657 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of RPM International by 4.4% during the 3rd quarter. Whittier Trust Co. now owns 43,460 shares of the specialty chemicals company’s stock worth $5,259,000 after purchasing an additional 1,839 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of RPM International stock opened at $130.22 on Tuesday. The firm has a market capitalization of $16.76 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.95 and a beta of 1.00. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. RPM International has a 52 week low of $88.84 and a 52 week high of $134.56. The firm’s 50 day moving average is $122.81 and its two-hundred day moving average is $115.28.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm posted $1.64 EPS. The company’s revenue was down 2.1% on a year-over-year basis. Research analysts forecast that RPM International will post 5.55 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.57%. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. RPM International’s payout ratio is 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.