RPM International (NYSE:RPM) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a report released on Saturday morning.

RPM has been the topic of several other reports. Bank of America increased their target price on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Royal Bank Of Canada increased their price target on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Citigroup raised their price objective on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, RPM International presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Price Performance

NYSE:RPM opened at $108.78 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. The company has a 50 day moving average price of $109.29 and a 200-day moving average price of $106.74. RPM International has a 1-year low of $92.92 and a 1-year high of $129.12.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 earnings per share. Equities research analysts forecast that RPM International will post 6 EPS for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were given a $0.54 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is 41.86%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Saudi Central Bank lifted its stake in RPM International by 89.0% in the 2nd quarter. Saudi Central Bank now owns 8,934 shares of the specialty chemicals company’s stock valued at $993,000 after buying an additional 4,207 shares in the last quarter. Syon Capital LLC increased its stake in RPM International by 10.4% during the 2nd quarter. Syon Capital LLC now owns 4,688 shares of the specialty chemicals company’s stock worth $521,000 after buying an additional 442 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in RPM International during the 2nd quarter worth approximately $201,000. Dearborn Partners LLC acquired a new position in shares of RPM International during the second quarter valued at approximately $9,282,000. Finally, Corient Private Wealth LP acquired a new position in shares of RPM International during the second quarter valued at approximately $11,652,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Company Profile

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.