RPM International Inc. (NYSE:RPM) Receives Average Rating of “Moderate Buy” from Brokerages

RPM International Inc. (NYSE:RPM) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $132.00.

Several brokerages have recently issued reports on RPM. JPMorgan Chase & Co. reduced their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. UBS Group lifted their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Mizuho reduced their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a report on Monday, January 6th.

Insider Activity

In related news, Director Frederick R. Nance sold 594 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its position in RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc acquired a new stake in shares of RPM International in the 3rd quarter valued at about $35,000. Crews Bank & Trust bought a new stake in shares of RPM International in the fourth quarter valued at about $37,000. Eastern Bank acquired a new position in shares of RPM International during the third quarter worth about $41,000. Finally, UMB Bank n.a. grew its holdings in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Up 0.5 %

NYSE:RPM opened at $123.01 on Thursday. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 2.02 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The stock’s fifty day moving average price is $127.70 and its two-hundred day moving average price is $125.43. RPM International has a 52-week low of $103.68 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. On average, analysts anticipate that RPM International will post 5.5 EPS for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.66%. RPM International’s dividend payout ratio (DPR) is currently 40.32%.

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.