Analysts Set RPM International Inc. (RPM) Target Price at $57.00
RPM International Inc. (NYSE:RPM) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $57.00.
Several equities research analysts recently commented on RPM shares. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Bank of America Corporation dropped their target price on RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. BidaskClub raised RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. TheStreet cut RPM International from a “b” rating to a “c+” rating in a report on Wednesday, October 4th. Finally, Wellington Shields raised RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th.
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Shares of RPM International (RPM) traded up $0.05 during trading hours on Friday, reaching $52.91. The company had a trading volume of 333,863 shares, compared to its average volume of 886,044. The stock has a market capitalization of $7.03 billion, a P/E ratio of 20.74 and a beta of 1.54.
RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. research analysts forecast that RPM International will post 2.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were issued a $0.32 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.42%. This is a boost from RPM International’s previous quarterly dividend of $0.30. RPM International’s dividend payout ratio is currently 94.82%.
In other RPM International news, insider Ronald A. Rice sold 44,839 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total value of $2,324,005.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of RPM. Teachers Advisors LLC increased its holdings in shares of RPM International by 18.5% in the first quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock valued at $7,568,000 after buying an additional 21,513 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of RPM International by 4.8% in the first quarter. Paloma Partners Management Co now owns 13,166 shares of the specialty chemicals company’s stock valued at $725,000 after buying an additional 598 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of RPM International by 2.2% in the second quarter. Capstone Asset Management Co. now owns 76,679 shares of the specialty chemicals company’s stock valued at $4,183,000 after buying an additional 1,641 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of RPM International by 17.6% in the second quarter. GW&K Investment Management LLC now owns 887,994 shares of the specialty chemicals company’s stock valued at $48,440,000 after buying an additional 133,104 shares in the last quarter. Finally, Trust Co. of Vermont increased its holdings in shares of RPM International by 116.9% in the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 1,520 shares in the last quarter. 73.43% of the stock is currently owned by institutional investors.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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