RPM International Inc. (NYSE:RPM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of RPM International Inc. (NYSE:RPM) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $127.00.

RPM has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 9th. UBS Group upgraded RPM International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Morgan Stanley increased their price target on RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Royal Bank Of Canada lifted their price target on RPM International from $126.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, BMO Capital Markets dropped their price objective on RPM International from $148.00 to $143.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th.

Hedge Funds Weigh In On RPM International

Several large investors have recently made changes to their positions in RPM. Ares Financial Consulting LLC bought a new stake in shares of RPM International in the 4th quarter worth approximately $37,000. Rothschild Investment LLC boosted its holdings in RPM International by 2,387.0% during the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 549 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in RPM International in the fourth quarter worth approximately $60,000. Resources Management Corp CT ADV grew its position in RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 647 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of RPM International in the fourth quarter valued at $69,000. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Up 0.7%

RPM opened at $103.10 on Thursday. The stock’s 50 day moving average price is $104.87 and its 200 day moving average price is $106.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. The stock has a market cap of $13.16 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.39 and a beta of 1.04. RPM International has a 12 month low of $92.92 and a 12 month high of $129.12.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be given a $0.54 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.1%. RPM International’s payout ratio is 41.62%.

About RPM International

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.