RPM International Inc. (NYSE:RPM) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• RPM International has a consensus “Moderate Buy” rating from 14 analysts, with 11 issuing buy ratings and an average 12-month price target of $125.75.
• Institutional investors own 80.95% of the stock, with BlackRock and other major firms establishing significant positions during the second quarter.
• RPM exceeded quarterly expectations, reporting EPS of $1.89 versus the $1.83 estimate and revenue of $2.23 billion, up 7.2% year over year. The company also paid a quarterly dividend of $0.54 per share, representing a 2.2% yield.

Shares of RPM International Inc. (NYSE:RPM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $125.75.

A number of research firms have recently commented on RPM. Weiss Ratings reiterated a "hold (c)" rating on shares of RPM International in a research report on Friday, July 24th. UBS Group upgraded shares of RPM International from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Citigroup upped their price target on shares of RPM International from $125.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, May 29th. KeyCorp initiated coverage on shares of RPM International in a research note on Friday, September 11th. They issued an "overweight" rating and a $123.00 price objective for the company. Finally, Bank of America boosted their target price on shares of RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd.

Institutional Investors Weigh In On RPM International

Several institutional investors have recently modified their holdings of RPM. BlackRock Inc. bought a new position in shares of RPM International during the 2nd quarter valued at approximately $1,456,684,000. Bank of New York Mellon Corp purchased a new position in RPM International during the second quarter worth $118,220,000. Legal & General Group Plc bought a new position in RPM International during the second quarter valued at $37,713,000. Deutsche Bank AG purchased a new stake in shares of RPM International in the second quarter valued at $25,999,000. Finally, Danske Bank A S purchased a new stake in shares of RPM International in the second quarter valued at $20,077,000. 80.95% of the stock is owned by institutional investors.

RPM International Stock Performance

RPM opened at $98.97 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.01 and a beta of 1.05. The company has a fifty day moving average of $106.86 and a 200 day moving average of $104.81. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $122.81.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The business's revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International will post 5.99 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International's payout ratio is presently 41.86%.

About RPM International

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

Its brands include Rust-Oleum, which provides consumer and professional paints and coatings; DAP, which produces caulks, sealants, and related products; Tremco, which serves the building and construction markets; and Carboline, which specializes in protective coatings and fireproofing products.

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