RPM International Inc. (NYSE:RPM) Stock Has Consensus Price Target of $121.85

RPM International Inc. (NYSE:RPM) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $121.85.

RPM has been the topic of a number of analyst reports. Deutsche Bank reduced their price target on RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Barclays began coverage on RPM International in a research report on Tuesday, October 13th. They set an “equal weight” rating and a $107.00 target price for the company. Bank of America increased their target price on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research report on Thursday, October 22nd. Finally, Royal Bank Of Canada raised their price target on RPM International from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday.

RPM International Stock Performance

NYSE RPM opened at $103.75 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $13.23 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.83 and a beta of 1.01. RPM International has a 12-month low of $92.92 and a 12-month high of $121.78. The firm has a 50-day moving average price of $100.83 and a two-hundred day moving average price of $105.18.

RPM International (NYSE:RPM) last announced its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that RPM International will post 5.92 earnings per share for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a yield of 2.2%. RPM International’s dividend payout ratio is currently 42.22%.

Insider Buying and Selling

In other RPM International news, Director Frederick Nance sold 1,896 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $103.97, for a total value of $197,127.12. Following the transaction, the director directly owned 7,651 shares of the company’s stock, valued at $795,474.47. This trade represents a 19.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $1,456,684,000. Bank of New York Mellon Corp acquired a new position in RPM International during the second quarter valued at approximately $118,220,000. GW&K Investment Management LLC raised its position in RPM International by 14.4% during the third quarter. GW&K Investment Management LLC now owns 709,430 shares of the specialty chemicals company’s stock valued at $70,000,000 after purchasing an additional 89,433 shares in the last quarter. Legal & General Group Plc bought a new stake in RPM International during the second quarter worth $37,713,000. Finally, Deutsche Bank AG bought a new stake in RPM International during the second quarter worth $25,999,000. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.