Seaport Res Ptn Comments on RPM International Inc.’s FY2024 Earnings (NYSE:RPM)

RPM International Inc. (NYSE:RPM) – Research analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for shares of RPM International in a note issued to investors on Friday, April 5th. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will earn $4.93 per share for the year, down from their previous estimate of $5.01. The consensus estimate for RPM International’s current full-year earnings is $4.93 per share. Seaport Res Ptn also issued estimates for RPM International’s Q4 2024 earnings at $1.56 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $1.40 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $1.88 EPS, FY2025 earnings at $5.67 EPS and FY2026 earnings at $6.55 EPS.

Several other analysts have also recently issued reports on RPM. UBS Group increased their target price on RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Mizuho lifted their target price on RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, April 5th. BMO Capital Markets reduced their target price on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Friday, April 5th. Finally, Robert W. Baird raised their price target on shares of RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $112.60.

RPM International Price Performance

NYSE RPM opened at $113.07 on Monday. The company has a market cap of $14.56 billion, a PE ratio of 26.05, a P/E/G ratio of 1.73 and a beta of 1.04. RPM International has a 52-week low of $78.52 and a 52-week high of $120.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.39 and a current ratio of 2.29. The firm’s 50 day moving average price is $113.45 and its 200-day moving average price is $106.23.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $1.52 billion during 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 revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share.

RPM International Announces Dividend

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

Insider Activity at RPM International

In related news, Director Frederick R. Nance sold 1,835 shares of RPM International stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the sale, the director now directly owns 8,180 shares in the company, valued at approximately $892,029. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now owns 23,451 shares in the company, valued at approximately $2,570,933.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 1,835 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the transaction, the director now owns 8,180 shares of the company’s stock, valued at $892,029. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RPM International

A number of large investors have recently bought and sold shares of RPM. Quantbot Technologies LP lifted its stake in RPM International by 404.3% during the 3rd quarter. Quantbot Technologies LP now owns 19,255 shares of the specialty chemicals company’s stock valued at $1,826,000 after acquiring an additional 15,437 shares during the period. Boston Trust Walden Corp boosted its holdings in RPM International by 2.9% in the fourth quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock valued at $54,553,000 after purchasing an additional 13,860 shares during the last quarter. Comerica Bank purchased a new stake in RPM International in the second quarter valued at $18,849,000. Tudor Investment Corp Et Al acquired a new stake in RPM International during the 3rd quarter worth about $2,277,000. Finally, Girard Partners LTD. purchased a new position in shares of RPM International during the 3rd quarter valued at about $210,000. Hedge funds and other institutional investors 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.