RPM International Inc. (NYSE:RPM) Stock Has Consensus Price Target of $121.85

Key Points

• Analysts rate RPM International “Moderate Buy”: 11 of 15 analysts recommend buying, while four have hold ratings. The average 12-month price target is $121.85.
• RPM reported quarterly EPS of $1.98, beating the $1.95 consensus estimate; revenue was $2.22 billion, up 4.8% year over year.
• The company raised its quarterly dividend from $0.54 to $0.57 per share, equivalent to an annualized $2.28 and a 2.2% yield.

RPM International Inc. (NYSE:RPM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $121.85.

A number of equities analysts recently weighed in on RPM shares. Wall Street Zen lowered shares of RPM International from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. UBS Group reduced their price target on shares of RPM International from $142.00 to $128.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Morgan Stanley decreased their price target on shares of RPM International from $117.00 to $114.00 and set an "equal weight" rating on the stock in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of RPM International from $126.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Finally, Bank of America raised their price objective on RPM International from $129.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd.

RPM International Stock Down 0.3%

Shares of RPM opened at $106.02 on Wednesday. The business's 50 day moving average is $100.75 and its 200 day moving average is $105.24. The company has a market capitalization of $13.52 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. RPM International has a 12-month low of $92.92 and a 12-month high of $121.78. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.03. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $1.88 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts expect that RPM International will post 5.93 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were given a $0.57 dividend. This is an increase from RPM International's previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, October 20th. RPM International's dividend payout ratio (DPR) is presently 42.22%.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its position in shares of RPM International by 356.3% during the 3rd quarter. Rothschild Investment LLC now owns 6,576 shares of the specialty chemicals company's stock valued at $649,000 after acquiring an additional 5,135 shares during the last quarter. Diversified Trust Co purchased a new position in shares of RPM International in the third quarter valued at $655,000. Inspire Trust Co. N.A. grew its holdings in shares of RPM International by 28.6% in the third quarter. Inspire Trust Co. N.A. now owns 45,000 shares of the specialty chemicals company's stock valued at $4,440,000 after purchasing an additional 10,000 shares in the last quarter. Parallel Advisors LLC increased its position in RPM International by 55.1% in the third quarter. Parallel Advisors LLC now owns 1,394 shares of the specialty chemicals company's stock worth $138,000 after purchasing an additional 495 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in RPM International in the third quarter worth $26,000. 80.95% of the stock is owned by institutional investors.

About RPM International

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.

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