RPM International Inc. (RPM) – What Are Brokerages Thinking About This Stock?

Shares of RPM International Inc. (NYSE:RPM) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $121.71.

RPM has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a report on Thursday. Citigroup decreased their price target on shares of RPM International from $128.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Wells Fargo & Company dropped their price objective on RPM International from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. UBS Group cut their price objective on RPM International from $142.00 to $128.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Barclays started coverage on RPM International in a research note on Tuesday, October 13th. They set an “equal weight” rating and a $107.00 target price for the company.

Institutional Investors Weigh In On RPM International

Several hedge funds have recently modified their holdings of the business. Operose Advisors LLC bought a new position in shares of RPM International during the 2nd quarter worth about $26,000. Fortitude Family Office LLC lifted its stake in shares of RPM International by 111.4% in the third 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 period. Root Financial Partners LLC bought a new stake in shares of RPM International in the third quarter valued at about $41,000. Danske Bank A S bought a new stake in shares of RPM International in the second quarter valued at about $47,000. Finally, Castleark Management LLC acquired a new stake in RPM International during the second quarter worth about $64,000. 80.95% of the stock is owned by institutional investors.

RPM International Stock Down 2.8%

RPM opened at $98.82 on Friday. The business has a 50 day moving average price of $101.81 and a 200 day moving average price of $104.68. RPM International has a twelve month low of $92.92 and a twelve month high of $121.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.76. The firm has a market cap of $12.60 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05.

RPM International (NYSE:RPM) last announced its earnings results 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. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Research analysts forecast that RPM International will post 5.96 EPS for the current year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from RPM International’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, October 20th. RPM International’s dividend payout ratio is presently 42.22%.

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves industrial, construction, commercial and consumer markets through a portfolio of businesses that develop products designed to protect, repair, maintain and enhance buildings, infrastructure, equipment and other surfaces.

RPM’s products include architectural and industrial coatings, waterproofing systems, roofing materials, flooring systems, caulks, adhesives, sealants and repair products.