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

RPM International Inc. (NYSE:RPM) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $126.3333.

RPM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. UBS Group cut their price objective on shares of RPM International from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Morgan Stanley reissued a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. BMO Capital Markets cut their price objective on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Finally, Zacks Research lowered shares of RPM International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd.

Insider Activity at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the sale, the vice president owned 21,248 shares of the company’s stock, valued at $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in RPM International by 48.6% during the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 90 shares in the last quarter. Lazard Asset Management LLC raised its position in RPM International by 5.8% during the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after acquiring an additional 93 shares in the last quarter. Archer Investment Corp raised its position in RPM International by 3.1% during the third quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock worth $424,000 after acquiring an additional 108 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in RPM International by 21.2% during the third quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 108 shares in the last quarter. Finally, LRI Investments LLC raised its position in RPM International by 6.6% during the fourth quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 108 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Stock Performance

Shares of RPM opened at $97.33 on Tuesday. The firm’s 50 day moving average price is $107.14 and its two-hundred day moving average price is $108.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22. The firm has a market cap of $12.47 billion, a P/E ratio of 18.75, a PEG ratio of 2.38 and a beta of 1.10. RPM International has a twelve month low of $92.92 and a twelve month high of $129.12.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. On average, analysts forecast that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, April 16th. RPM International’s payout ratio is currently 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.