RPM International (NYSE:RPM) Upgraded at Fermium Researc

Fermium Researc upgraded shares of RPM International (NYSE:RPM) to a hold rating in a research report released on Wednesday,Zacks.com reports.

A number of other research analysts also recently issued reports on RPM. Robert W. Baird dropped their price target on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday. Evercore ISI upgraded RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Royal Bank of Canada reduced their price objective on shares of RPM International from $126.00 to $116.00 and set a “sector perform” rating for the company in a report on Thursday. Morgan Stanley decreased their price target on RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.10.

RPM International Stock Performance

Shares of RPM International stock opened at $104.48 on Wednesday. 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 fifty-two week low of $95.28 and a fifty-two week high of $141.79. The firm has a market capitalization of $13.43 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.97 and a beta of 1.06. The company’s 50 day moving average price is $117.06 and its two-hundred day moving average price is $125.27.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS 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 analyst estimates of $1.51 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, April 17th. RPM International’s dividend payout ratio (DPR) is currently 40.88%.

Institutional Trading of RPM International

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in RPM International by 5.8% in the third 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. Geode Capital Management LLC grew its stake in shares of RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after buying an additional 145,070 shares during the last quarter. Toronto Dominion Bank increased its stake 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 worth $1,982,000 after purchasing an additional 4,062 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in RPM International during the 3rd quarter valued at $1,295,000. Finally, GAMMA Investing LLC boosted its holdings in shares of RPM International by 12.8% during the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock worth $269,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About RPM International

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.