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

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $130.60.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley increased their target price on RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Royal Bank Of Canada lowered their target price on RPM International from $125.00 to $121.00 and set a “sector perform” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company increased their target price on RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. UBS Group increased their target price on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RPM International in a research note on Wednesday.

Insiders Place Their Bets

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the sale, the director owned 7,394 shares in the company, valued at $882,547.84. This trade represents a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RPM International

A number of hedge funds have recently bought and sold shares of RPM. Fairway Wealth LLC grew its stake in RPM International by 50,413.3% during the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company’s stock valued at $25,536,000 after purchasing an additional 220,306 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in RPM International by 18.1% during the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after buying an additional 92,358 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in RPM International by 94.7% during the 1st quarter. Achmea Investment Management B.V. now owns 142,187 shares of the specialty chemicals company’s stock worth $16,448,000 after buying an additional 69,153 shares during the last quarter. California State Teachers Retirement System lifted its holdings in RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after buying an additional 63,532 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new position in RPM International during the 2nd quarter worth approximately $6,553,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

Shares of NYSE:RPM opened at $111.02 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79. The firm has a market capitalization of $14.23 billion, a PE ratio of 20.75, a P/E/G ratio of 2.02 and a beta of 1.03. The business has a 50-day moving average of $121.62 and a two-hundred day moving average of $114.74.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that RPM International will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a dividend of $0.54 per share. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date is Monday, October 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.9%. RPM International’s payout ratio is 40.37%.

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.