RPM International Inc. (NYSE:RPM) Receives $128.64 Consensus PT from Brokerages

Shares of RPM International Inc. (NYSE:RPM) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $128.6364.

A number of equities research analysts have issued reports on the stock. Citigroup cut their price target on shares of RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, December 18th. Evercore ISI cut their target price on RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. UBS Group lowered their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a report on Monday. Finally, Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $121.00 to $132.00 in a research note on Tuesday, December 9th.

Insider Activity at RPM International

In other news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the sale, the director owned 21,578 shares of the company’s stock, valued at approximately $2,323,303.26. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently bought and sold shares of RPM. Versant Capital Management Inc boosted its position in RPM International by 48.6% during the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 90 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of RPM International by 5.8% in the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock valued at $184,000 after purchasing an additional 93 shares during the period. Archer Investment Corp boosted its position in shares of RPM International by 3.1% during the third quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock valued at $424,000 after purchasing an additional 108 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in RPM International by 21.2% in the third quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 108 shares during the period. Finally, Covestor Ltd raised its holdings in RPM International by 19.3% in the third quarter. Covestor Ltd now owns 784 shares of the specialty chemicals company’s stock worth $92,000 after purchasing an additional 127 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Price Performance

Shares of RPM International stock opened at $105.79 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International has a one year low of $95.28 and a one year high of $129.12. The business’s 50 day simple moving average is $107.10 and its two-hundred day simple moving average is $113.91. The stock has a market capitalization of $13.56 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts forecast that RPM International will post 5.5 EPS for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.51. RPM International’s payout ratio is presently 40.37%.

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.