RPM International (NYSE:RPM) Upgraded at Barclays

Barclays upgraded shares of RPM International (NYSE:RPM) to a hold rating in a report issued on Monday morning,Zacks reports.

A number of other analysts also recently weighed in on the company. BMO Capital Markets boosted their target price on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Wall Street Zen cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citigroup decreased their price target on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Royal Bank Of Canada decreased their price target on shares of RPM International from $128.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.71.

RPM International Trading Down 0.7%

Shares of RPM stock opened at $97.77 on Monday. The business has a 50-day moving average price of $103.96 and a two-hundred day moving average price of $104.66. RPM International has a 12-month low of $92.92 and a 12-month high of $121.78. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. The firm has a market cap of $12.47 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.74 and a beta of 1.05.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 EPS. Equities analysts anticipate that RPM International will post 5.96 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be issued a $0.57 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, October 20th. RPM International’s dividend payout ratio (DPR) is presently 40.00%.

Institutional Investors Weigh In On RPM International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Operose Advisors LLC purchased a new position in shares of RPM International in the second quarter worth $26,000. Fortitude Family Office LLC raised its holdings in RPM International by 111.4% during the 3rd quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 195 shares during the last quarter. Danske Bank A S bought a new stake in RPM International during the 2nd quarter valued at $47,000. Castleark Management LLC purchased a new stake in RPM International during the 2nd quarter valued at $64,000. Finally, USA Financial Formulas purchased a new stake in RPM International during the 1st quarter valued at $67,000. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.