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

Key Points

• Analyst sentiment is moderately bullish: Sixteen analysts give RPM International an average “Moderate Buy” rating, including 12 buys and four holds. The average 12-month price target is $121.71, although several brokerages recently lowered their targets.
• Quarterly results exceeded expectations: RPM reported adjusted earnings of $1.98 per share, beating consensus by $0.03, while revenue reached $2.22 billion and rose 4.8% year over year.
• The dividend was increased: The quarterly payout rose from $0.54 to $0.57 per share, equivalent to an annualized $2.28 dividend and a 2.3% yield. Institutional investors own approximately 80.95% of the company’s stock.

RPM International Inc. (NYSE:RPM - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $121.71.

Several equities research analysts have recently weighed in on RPM shares. Wells Fargo & Company cut their target price on RPM International from $135.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Royal Bank Of Canada decreased their target price on RPM International from $128.00 to $120.00 and set an "outperform" rating for the company in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft lowered their price target on RPM International from $126.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Bank of America increased their price target on shares of RPM International from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets increased their price target on shares of RPM International from $143.00 to $151.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd.

RPM International Stock Performance

NYSE:RPM opened at $99.62 on Friday. RPM International has a 12 month low of $92.92 and a 12 month high of $121.78. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a market capitalization of $12.70 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05. The business's fifty day moving average price is $103.30 and its 200 day moving average price is $104.64.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly 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. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%. RPM International's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. On average, sell-side analysts anticipate that RPM International will post 5.96 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 20th. This represents a $2.28 annualized dividend and a dividend yield of 2.3%. This is a boost from RPM International's previous quarterly dividend of $0.54. RPM International's payout ratio is presently 40.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in RPM International during the 2nd quarter worth $1,456,684,000. Corient Private Wealth LP purchased a new stake in RPM International in the second quarter valued at $11,652,000. Bank of New York Mellon Corp purchased a new stake in RPM International in the second quarter valued at $118,220,000. Legal & General Group Plc purchased a new stake in RPM International in the second quarter valued at $37,713,000. Finally, Deutsche Bank AG acquired a new position in RPM International in the second quarter valued at $25,999,000. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Company Profile

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

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.

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