RPM International (NYSE:RPM) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• RPM shares fell below their 200-day moving average, trading as low as $102.28 against a $105.29 average and last changing hands at about $103.34.
• Analyst sentiment remains moderately bullish: 12 analysts rate the stock Buy and four Hold, with an average price target of $121.71, though several brokerages recently lowered their targets.
• RPM reported quarterly EPS of $1.98, topping estimates of $1.95, while revenue rose 4.8% year over year. It also raised its quarterly dividend from $0.54 to $0.57 per share.

RPM International Inc. (NYSE:RPM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $105.29 and traded as low as $102.28. RPM International shares last traded at $103.3370, with a volume of 993,674 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RPM. UBS Group dropped their target price on RPM International from $142.00 to $128.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. Morgan Stanley reduced their target price on RPM International from $117.00 to $114.00 and set an "equal weight" rating on the stock in a report on Monday, September 28th. Weiss Ratings restated a "hold (c)" rating on shares of RPM International in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of RPM International from $126.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Finally, Barclays began coverage on shares of RPM International in a research note on Tuesday, October 13th. They issued an "equal weight" rating and a $107.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.71.

RPM International Stock Performance

The stock's 50-day moving average is $100.71 and its 200-day moving average is $105.29. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.91 and a beta of 1.01.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.03. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. RPM International's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS. On average, analysts predict that RPM International Inc. will post 5.93 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were issued a dividend of $0.57 per share. This is a boost from RPM International's previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, October 20th. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. RPM International's dividend payout ratio (DPR) is presently 42.22%.

Hedge Funds Weigh In On RPM International

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

RPM International Company Profile

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.

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