RPM International Inc. to Issue Quarterly Dividend of $0.51 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.51 per share by the specialty chemicals company on Friday, January 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, January 17th.

RPM International has raised its dividend by an average of 7.1% annually over the last three years and has raised its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect RPM International to earn $6.20 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 32.9%.

RPM International Stock Performance

NYSE RPM opened at $123.98 on Wednesday. The business’s 50-day moving average price is $131.13 and its 200 day moving average price is $123.52. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. RPM International has a twelve month low of $103.63 and a twelve month high of $141.79. The company has a market capitalization of $15.94 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm posted $1.22 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, research analysts predict that RPM International will post 5.56 earnings per share for the current year.

Insider Activity

In related news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the sale, the vice president now owns 22,738 shares of the company’s stock, valued at $3,040,297.98. The trade was a 14.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the transaction, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,927 shares of company stock worth $1,037,214 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. UBS Group boosted their price target on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

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.