Brokerages Set RPM International Inc. (NYSE:RPM) Target Price at $126.00

Shares of RPM International Inc. (NYSE:RPM) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $126.00.

Several brokerages recently commented on RPM. Citigroup increased their price target on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Bank of America upped their price objective on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Morgan Stanley lowered their target price on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd.

RPM International Stock Up 1.3%

Shares of RPM stock opened at $116.57 on Monday. The firm’s fifty day moving average price is $107.42 and its two-hundred day moving average price is $106.36. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12. The firm has a market capitalization of $14.89 billion, a P/E ratio of 22.59, a PEG ratio of 2.35 and a beta of 1.04.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 EPS. On average, equities analysts predict that RPM International will post 6.02 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were paid a dividend of $0.54 per share. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. RPM International’s payout ratio is currently 41.86%.

Institutional Investors Weigh In On RPM International

Several hedge funds have recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab bought a new position in RPM International during the fourth quarter worth $54,307,000. Life Cycle Investment Partners Ltd acquired a new stake in shares of RPM International during the 4th quarter worth about $16,175,000. Danske Bank A S acquired a new stake in shares of RPM International during the 3rd quarter worth about $17,362,000. Segall Bryant & Hamill LLC bought a new stake in shares of RPM International during the 1st quarter worth about $6,963,000. Finally, River Road Asset Management LLC bought a new stake in shares of RPM International during the 4th quarter worth about $6,658,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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.