RPM International (NYSE:RPM) Posts Earnings Results, Beats Estimates By $0.04 EPS

RPM International (NYSE:RPM) posted its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04, Briefing.com reports. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. RPM International updated its Q4 2024 guidance to EPS.

RPM International Price Performance

Shares of RPM stock opened at $112.96 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.45 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.70 and a beta of 1.04. The firm’s 50 day moving average is $113.25 and its 200-day moving average is $105.81. RPM International has a 1 year low of $78.52 and a 1 year high of $120.74.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.63%. RPM International’s payout ratio is 42.40%.

Analyst Upgrades and Downgrades

RPM has been the topic of several recent research reports. Robert W. Baird lifted their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets dropped their price objective on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group boosted their price objective on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Mizuho lifted their target price on shares of RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, RPM International currently has an average rating of “Hold” and an average target price of $112.60.

Insider Buying and Selling

In related news, VP Timothy R. Kinser sold 2,380 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total transaction of $254,660.00. Following the completion of the sale, the vice president now directly owns 20,767 shares of the company’s stock, valued at $2,222,069. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Matthew T. Ratajczak sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the completion of the transaction, the vice president now owns 23,451 shares in the company, valued at $2,570,933.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy R. Kinser sold 2,380 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total transaction of $254,660.00. Following the completion of the transaction, the vice president now owns 20,767 shares of the company’s stock, valued at approximately $2,222,069. The disclosure for this sale can be found here. Insiders sold a total of 10,215 shares of company stock valued at $1,112,547 over the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RPM. Strategic Investment Solutions Inc. IL acquired a new position in RPM International during the first quarter worth $56,000. UniSuper Management Pty Ltd bought a new position in RPM International during the second quarter worth about $81,000. Resources Management Corp CT ADV increased its position in RPM International by 2,362.0% during the second quarter. Resources Management Corp CT ADV now owns 1,231 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 1,181 shares during the period. Ancora Advisors LLC increased its holdings in RPM International by 11.5% in the 1st quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company’s stock valued at $133,000 after buying an additional 150 shares during the period. Finally, Quantbot Technologies LP bought a new position in RPM International in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.