RPM International (NYSE:RPM) Sets New 12-Month High at $120.86

RPM International Inc. (NYSE:RPM)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $120.86 and last traded at $120.24, with a volume of 568138 shares trading hands. The stock had previously closed at $110.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RPM shares. Wells Fargo & Company boosted their price target on RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets upped their price target on shares of RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird lifted their price objective on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Mizuho reduced their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. downgraded RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.55.

RPM International Stock Performance

The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.39. The stock has a 50 day simple moving average of $110.64 and a two-hundred day simple moving average of $111.09.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting the consensus estimate of $1.56. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. As a group, analysts anticipate that RPM International Inc. will post 5.46 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is 42.40%.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently modified their holdings of RPM. Bank of New York Mellon Corp boosted its stake in RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after purchasing an additional 61,218 shares during the period. Boston Trust Walden Corp grew its holdings in shares of RPM International by 2.7% during the second quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock worth $53,765,000 after buying an additional 13,010 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of RPM International by 5.3% during the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after buying an additional 12,791 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in RPM International by 337.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after acquiring an additional 170,369 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in RPM International by 16.5% during the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock worth $18,919,000 after acquiring an additional 22,388 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Company Profile

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.