Wellington Shields upgraded shares of RPM International Inc. (NYSE:RPM) from a hold rating to an accumulate rating in a report released on Friday.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of RPM International from a hold rating to a buy rating and set a $59.00 target price for the company in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of RPM International from a hold rating to a buy rating in a research note on Tuesday, July 11th. Royal Bank Of Canada reiterated a hold rating and set a $49.00 target price on shares of RPM International in a research note on Tuesday, June 13th. Finally, Bank of America Corporation cut their target price on shares of RPM International from $58.00 to $56.00 and set a neutral rating for the company in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $58.00.
Shares of RPM International (RPM) traded down 0.78% on Friday, reaching $48.44. 1,709,363 shares of the company’s stock traded hands. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48. The firm has a market capitalization of $6.47 billion, a P/E ratio of 35.49 and a beta of 1.54. The company’s 50-day moving average is $52.49 and its 200-day moving average is $53.27.
RPM International (NYSE:RPM) last released its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. RPM International had a net margin of 3.67% and a return on equity of 25.02%. RPM International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. Equities research analysts anticipate that RPM International will post $2.88 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, July 13th. RPM International’s dividend payout ratio is 90.91%.
In other news, SVP Edward W. Moore sold 10,568 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 92,549 shares in the company, valued at approximately $4,816,249.96. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in RPM. State Street Corp boosted its position in shares of RPM International by 4.1% in the first quarter. State Street Corp now owns 6,533,969 shares of the specialty chemicals company’s stock worth $359,572,000 after buying an additional 257,980 shares in the last quarter. North Point Portfolio Managers Corp OH acquired a new position in shares of RPM International during the second quarter worth about $10,821,000. BTIM Corp. acquired a new position in shares of RPM International during the second quarter worth about $8,197,000. Cramer Rosenthal Mcglynn LLC boosted its position in shares of RPM International by 28.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 667,874 shares of the specialty chemicals company’s stock worth $36,433,000 after buying an additional 149,861 shares in the last quarter. Finally, BB&T Securities LLC boosted its position in shares of RPM International by 320.5% in the first quarter. BB&T Securities LLC now owns 189,588 shares of the specialty chemicals company’s stock worth $10,433,000 after buying an additional 144,500 shares in the last quarter. Institutional investors own 72.56% of the company’s stock.
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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