RPM International Inc. (NYSE:RPM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $130.70.

Several research analysts have weighed in on RPM shares. BMO Capital Markets boosted their price target on RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Morgan Stanley boosted their price target on RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RPM International in a report on Wednesday, October 8th. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Finally, UBS Group boosted their price target on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th.

RPM International Trading Down 0.5%

RPM International stock opened at $107.61 on Friday. The stock has a market cap of $13.80 billion, a PE ratio of 20.11, a P/E/G ratio of 1.97 and a beta of 1.05. The stock has a 50-day moving average price of $117.29 and a 200 day moving average price of $115.24. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79. 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 (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. Equities research analysts predict that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were issued a $0.54 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is 40.37%.

Insider Buying and Selling at RPM International

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction on Friday, October 31st. The shares were sold at an average price of $107.67, for a total value of $40,376.25. Following the transaction, the director owned 21,578 shares in the company, valued at $2,323,303.26. This trade represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently made changes to their positions in the stock. Boston Trust Walden Corp boosted its holdings in shares of RPM International by 8.5% in the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock valued at $76,942,000 after purchasing an additional 51,152 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of RPM International by 0.3% in the 1st quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company’s stock valued at $70,370,000 after purchasing an additional 2,048 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of RPM International by 21.7% in the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after purchasing an additional 63,532 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of RPM International by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after purchasing an additional 888 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of RPM International by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock valued at $30,696,000 after purchasing an additional 1,076 shares during the last quarter. Institutional investors and hedge funds 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.