RPM International Inc. (NYSE:RPM) Receives $126.00 Average PT from Analysts

RPM International Inc. (NYSE:RPM) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $126.00.

Several research analysts have commented on the company. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Citigroup raised their target price on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Bank of America raised their price target on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley dropped their target price on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada upped their price target on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPM. Operose Advisors LLC purchased a new stake in RPM International during the 2nd quarter valued at about $26,000. Danske Bank A S acquired a new stake in shares of RPM International during the second quarter worth about $47,000. Los Angeles Capital Management LLC purchased a new stake in RPM International in the fourth quarter valued at approximately $60,000. Rothschild Investment LLC boosted its position in RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 549 shares during the last quarter. Finally, Castleark Management LLC acquired a new position in RPM International in the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Trading Up 0.1%

Shares of NYSE RPM opened at $106.79 on Friday. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $128.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.17 and a beta of 1.04. The business’s 50 day moving average price is $109.11 and its 200-day moving average price is $106.43.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.RPM International’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 EPS. On average, sell-side analysts expect that RPM International will post 6 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s payout ratio is 41.86%.

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.