RPM International (NYSE:RPM) Stock Lifted to Hold by Barclays

Barclays upgraded shares of RPM International (NYSE:RPM) to a hold rating in a report published on Monday morning,Zacks reports.

Several other equities research analysts have also recently issued reports on RPM. UBS Group decreased their price target on shares of RPM International from $142.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Wells Fargo & Company lowered their price target on shares of RPM International from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Citigroup cut their price objective on shares of RPM International from $128.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Royal Bank Of Canada reduced their price objective on shares of RPM International from $128.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average price target of $121.71.

RPM International Stock Down 0.7%

Shares of NYSE:RPM opened at $97.77 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. RPM International has a 52-week low of $92.92 and a 52-week high of $121.78. The stock’s fifty day simple moving average is $103.96 and its 200-day simple moving average is $104.66. The company has a market capitalization of $12.47 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.74 and a beta of 1.05.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the company earned $1.88 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that RPM International will post 5.96 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a yield of 2.3%. RPM International’s payout ratio is currently 40.00%.

Hedge Funds Weigh In On RPM International

Several large investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC increased its stake in RPM International by 111.4% during the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 195 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of RPM International by 8.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock worth $276,000 after purchasing an additional 209 shares during the period. CoreCap Advisors LLC raised its holdings in shares of RPM International by 468.4% in the 3rd quarter. CoreCap Advisors LLC now owns 2,899 shares of the specialty chemicals company’s stock worth $286,000 after purchasing an additional 2,389 shares during the period. Steph & Co. purchased a new position in shares of RPM International in the 3rd quarter worth about $83,000. Finally, Benedict Financial Advisors Inc. lifted its stake in shares of RPM International by 0.8% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock valued at $2,529,000 after purchasing an additional 197 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Company Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.