Royal Bank of Canada Increases RPM International (NYSE:RPM) Price Target to $120.00

RPM International (NYSE:RPM) had its price target hoisted by Royal Bank of Canada from $119.00 to $120.00 in a research report released on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the specialty chemicals company’s stock.

Several other brokerages have also issued reports on RPM. BMO Capital Markets cut their price objective on shares of RPM International from $127.00 to $123.00 and set an outperform rating on the stock in a report on Friday, April 5th. Vertical Research raised RPM International from a hold rating to a buy rating and set a $126.00 price target for the company in a research report on Tuesday, July 16th. Mizuho raised their price objective on RPM International from $128.00 to $136.00 and gave the company a buy rating in a research report on Friday, April 5th. Wells Fargo & Company lifted their target price on RPM International from $110.00 to $125.00 and gave the company an equal weight rating in a research note on Friday. Finally, JPMorgan Chase & Co. lowered shares of RPM International from an overweight rating to a neutral rating and set a $120.00 price target for the company. in a research report on Friday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, RPM International presently has an average rating of Hold and a consensus target price of $120.80.

RPM International Price Performance

Shares of RPM stock opened at $118.29 on Friday. RPM International has a twelve month low of $88.84 and a twelve month high of $121.63. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $110.75 and a two-hundred day simple moving average of $111.24. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 1.72 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. On average, analysts predict that RPM International will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. RPM International’s payout ratio is currently 42.40%.

Hedge Funds Weigh In On RPM International

Several hedge funds have recently made changes to their positions in RPM. GAMMA Investing LLC grew its stake in RPM International by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock valued at $96,000 after purchasing an additional 101 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of RPM International by 11.2% during the fourth quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 107 shares during the period. Los Angeles Capital Management LLC boosted its position in RPM International by 3.0% in the first quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock valued at $456,000 after buying an additional 110 shares during the last quarter. SVB Wealth LLC increased its holdings in RPM International by 3.0% in the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after buying an additional 159 shares during the period. Finally, Motley Fool Asset Management LLC increased its holdings in RPM International by 8.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after buying an additional 197 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

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.