RPM International (NYSE:RPM) Announces Quarterly Earnings Results

RPM International (NYSE:RPM - Get Free Report) issued its quarterly earnings data on Thursday. The specialty chemicals company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04, Briefing.com reports. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. RPM International had a return on equity of 26.71% and a net margin of 7.15%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. RPM International updated its Q4 2024 guidance to EPS.

RPM International Stock Up 1.1 %

RPM stock traded up $1.27 during midday trading on Friday, hitting $112.96. The company's stock had a trading volume of 771,545 shares, compared to its average volume of 631,973. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.95. RPM International has a 52-week low of $78.52 and a 52-week high of $120.74. The firm has a market capitalization of $14.56 billion, a P/E ratio of 27.69, a PEG ratio of 1.80 and a beta of 1.04. The firm has a 50-day simple moving average of $113.25 and a 200-day simple moving average of $105.81.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a $0.46 dividend. The ex-dividend date is Thursday, April 18th. This represents a $1.84 annualized dividend and a yield of 1.63%. RPM International's dividend payout ratio (DPR) is presently 45.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RPM. UBS Group raised their price objective on RPM International from $121.00 to $122.00 and gave the company a "neutral" rating in a research report on Friday. Mizuho lifted their price target on RPM International from $128.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday. Robert W. Baird lifted their price target on RPM International from $105.00 to $120.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, BMO Capital Markets decreased their price objective on shares of RPM International from $127.00 to $123.00 and set an "outperform" rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, RPM International has a consensus rating of "Hold" and a consensus price target of $112.60.

Insider Buying and Selling at RPM International

In other news, VP Timothy R. Kinser sold 2,380 shares of RPM International stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total transaction of $254,660.00. Following the completion of the sale, the vice president now directly owns 20,767 shares of the company's stock, valued at approximately $2,222,069. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Timothy R. Kinser sold 2,380 shares of the business's stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total value of $254,660.00. Following the completion of the sale, the vice president now directly owns 20,767 shares of the company's stock, valued at $2,222,069. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frederick R. Nance sold 1,835 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the sale, the director now directly owns 8,180 shares of the company's stock, valued at $892,029. The disclosure for this sale can be found here. Insiders sold 10,215 shares of company stock valued at $1,112,547 in the last 90 days. Company insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RPM. Sanibel Captiva Trust Company Inc. acquired a new position in shares of RPM International during the fourth quarter worth about $212,000. Public Employees Retirement System of Ohio lifted its holdings in shares of RPM International by 2.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 54,439 shares of the specialty chemicals company's stock valued at $6,077,000 after purchasing an additional 1,376 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of RPM International in the fourth quarter valued at about $1,546,000. Baird Financial Group Inc. lifted its holdings in shares of RPM International by 0.7% in the fourth quarter. Baird Financial Group Inc. now owns 213,214 shares of the specialty chemicals company's stock valued at $23,801,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Brevan Howard Capital Management LP lifted its holdings in shares of RPM International by 177.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,194 shares of the specialty chemicals company's stock valued at $915,000 after purchasing an additional 5,243 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.