RPM International (RPM) Raised to “Buy” at Vertical Research

Vertical Research upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

RPM has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of RPM International from a hold rating to a sell rating in a research report on Tuesday, December 12th. Royal Bank of Canada reaffirmed a hold rating and issued a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. Finally, TheStreet raised shares of RPM International from a c+ rating to a b- rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $56.80.

RPM International (RPM) opened at $50.86 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. The company has a market cap of $6,775.53, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.81 and a beta of 1.46. RPM International has a 12-month low of $46.80 and a 12-month high of $56.69.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.26 billion. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. equities research analysts expect that RPM International will post 3.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Tuesday, January 16th. RPM International’s payout ratio is currently 49.42%.

In other news, Chairman Frank C. Sullivan sold 35,000 shares of RPM International stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total value of $1,833,300.00. Following the transaction, the chairman now owns 1,188,489 shares of the company’s stock, valued at approximately $62,253,053.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total transaction of $138,670.62. Following the completion of the transaction, the senior vice president now directly owns 98,417 shares in the company, valued at approximately $5,293,850.43. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in RPM International by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,703,462 shares of the specialty chemicals company’s stock worth $89,295,000 after purchasing an additional 45,811 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in RPM International by 20.2% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,350,600 shares of the specialty chemicals company’s stock worth $70,798,000 after purchasing an additional 227,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in RPM International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,051,576 shares of the specialty chemicals company’s stock worth $55,123,000 after purchasing an additional 12,367 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in RPM International by 9.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,007,328 shares of the specialty chemicals company’s stock worth $54,950,000 after purchasing an additional 87,679 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in RPM International by 0.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 975,858 shares of the specialty chemicals company’s stock worth $51,154,000 after purchasing an additional 8,100 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

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RPM International Company Profile

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).

Analyst Recommendations for RPM International (NYSE:RPM)

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