RPM International Inc. (NYSE:RPM) has received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $57.20.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, June 7th. BidaskClub upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and issued a $49.00 price objective on shares of RPM International in a research report on Tuesday, June 13th. Finally, Bank of America Corporation cut their price objective on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th.
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In related news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the sale, the senior vice president now directly owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Huntington National Bank increased its stake in shares of RPM International by 1.1% in the first quarter. Huntington National Bank now owns 17,621 shares of the specialty chemicals company’s stock worth $970,000 after buying an additional 200 shares in the last quarter. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of RPM International during the fourth quarter worth $252,000. Meadow Creek Investment Management LLC increased its stake in shares of RPM International by 4.1% in the first quarter. Meadow Creek Investment Management LLC now owns 6,204 shares of the specialty chemicals company’s stock worth $341,000 after buying an additional 242 shares in the last quarter. Philadelphia Trust Co. increased its stake in shares of RPM International by 8.5% in the fourth quarter. Philadelphia Trust Co. now owns 341,883 shares of the specialty chemicals company’s stock worth $18,404,000 after buying an additional 26,833 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its stake in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock worth $241,000 after buying an additional 285 shares in the last quarter. 72.62% of the stock is currently owned by institutional investors and hedge funds.
RPM International (NYSE RPM) traded up 0.12% during mid-day trading on Friday, reaching $51.21. 729,947 shares of the company’s stock were exchanged. The company has a 50-day moving average of $54.46 and a 200-day moving average of $53.53. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 37.52 and a beta of 1.54. RPM International has a 52-week low of $46.25 and a 52-week high of $56.48.
RPM International (NYSE:RPM) last issued its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by $0.15. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. RPM International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. Equities research analysts anticipate that RPM International will post $2.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were given a $0.30 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. RPM International’s dividend payout ratio (DPR) is currently 90.91%.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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