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

RPM International Inc. (NYSE:RPM) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $128.6364.

Several equities analysts recently commented on RPM shares. Mizuho cut their price target on shares of RPM International from $138.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Citigroup cut their target price on RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. UBS Group lowered their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Finally, Evercore ISI dropped their price target on RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th.

RPM International Stock Performance

NYSE RPM opened at $106.19 on Friday. The business’s 50-day moving average price is $106.99 and its 200 day moving average price is $113.83. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. RPM International has a twelve month low of $95.28 and a twelve month high of $129.12. The company has a market capitalization of $13.62 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

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

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 20th were given 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 of this dividend was Monday, October 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. RPM International’s dividend payout ratio is currently 40.37%.

Insider Buying and Selling

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the transaction, the director directly owned 21,578 shares of the company’s stock, valued at $2,323,303.26. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors lifted its holdings in shares of RPM International by 7.1% during the 3rd quarter. Captrust Financial Advisors now owns 17,685 shares of the specialty chemicals company’s stock valued at $2,085,000 after acquiring an additional 1,166 shares in the last quarter. Danske Bank A S purchased a new position in RPM International in the third quarter valued at about $17,362,000. Dark Forest Capital Management LP acquired a new position in shares of RPM International during the third quarter worth about $2,180,000. One Capital Management LLC boosted its position in shares of RPM International by 3.2% in the third quarter. One Capital Management LLC now owns 119,666 shares of the specialty chemicals company’s stock worth $14,106,000 after buying an additional 3,752 shares during the period. Finally, Douglass Winthrop Advisors LLC purchased a new stake in shares of RPM International in the third quarter worth about $725,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.