RPM International (NYSE:RPM) Sets New 1-Year Low – Here’s Why

RPM International Inc. (NYSE:RPM) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $103.20 and last traded at $103.20, with a volume of 34342 shares changing hands. The stock had previously closed at $108.23.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RPM. BMO Capital Markets decreased their target price on shares of RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research report on Wednesday. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group lifted their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley cut their target price on shares of RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

RPM International Trading Up 2.2 %

The firm has a fifty day moving average price of $118.65 and a 200-day moving average price of $125.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.06%. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RPM. iA Global Asset Management Inc. lifted its holdings in 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 valued at $221,000 after buying an additional 501 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of RPM International by 5.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,260 shares of the specialty chemicals company’s stock valued at $6,202,000 after purchasing an additional 2,794 shares in the last quarter. LRI Investments LLC grew its position in shares of RPM International by 12.4% during the 3rd quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock worth $297,000 after buying an additional 271 shares during the period. Geode Capital Management LLC grew its holdings in RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after purchasing an additional 145,070 shares during the period. Finally, Toronto Dominion Bank increased its position in RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after buying an additional 4,062 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.