RPM International (NYSE:RPM) Sets New 12-Month Low – Here’s Why

RPM International Inc. (NYSE:RPM)’s stock price reached a new 52-week low on Thursday . The company traded as low as $95.18 and last traded at $95.2050, with a volume of 197481 shares trading hands. The stock had previously closed at $98.86.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price objective for the company in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft cut their target price on RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $117.00 to $115.00 in a report on Friday, January 9th. Finally, KeyCorp restated a “sector weight” rating on shares of RPM International in a research note on Friday, January 9th. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.00.

RPM International Stock Performance

The business’s fifty day moving average price is $110.48 and its 200-day moving average price is $111.14. The stock has a market cap of $12.13 billion, a PE ratio of 18.25, a P/E/G ratio of 2.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a net margin of 8.79% and a return on equity of 22.49%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, January 16th. RPM International’s dividend payout ratio is presently 41.62%.

Insider Activity

In other news, VP Timothy R. Kinser sold 3,441 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the transaction, the vice president directly owned 21,248 shares in the company, valued at $2,343,866.88. This trade represents a 13.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Boston Trust Walden Corp grew its stake in shares of RPM International by 8.5% during the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock valued at $76,942,000 after purchasing an additional 51,152 shares during the period. Fairway Wealth LLC lifted its stake in shares of RPM International by 4.4% in the 3rd quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock worth $26,445,000 after purchasing an additional 9,409 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of RPM International by 242.2% in the third quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company’s stock worth $2,330,000 after buying an additional 13,992 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of RPM International in the second quarter worth approximately $2,791,000. Finally, SG Americas Securities LLC grew its position in RPM International by 105.9% during the second quarter. SG Americas Securities LLC now owns 10,512 shares of the specialty chemicals company’s stock valued at $1,155,000 after buying an additional 5,406 shares during the period. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.