RPM International Inc. (NYSE:RPM) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• RPM International Inc. has received an average recommendation of "Moderate Buy" from thirteen research firms, with a price target averaging $131.09.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annualized yield of 1.7%.
• RPM International reported earnings of $1.72 EPS for the last quarter, exceeding analysts' expectations of $1.60 and achieving a revenue of $2.08 billion.

RPM International Inc. (NYSE:RPM - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $131.0909.

A number of equities analysts have issued reports on the company. UBS Group increased their price target on RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Morgan Stanley raised their target price on RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Mizuho raised their target price on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Citigroup initiated coverage on RPM International in a research report on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price on the stock. Finally, Bank of America upgraded RPM International from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $110.00 to $128.00 in a research report on Thursday.

RPM International Stock Down 0.8%

RPM International stock opened at $123.08 on Monday. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. The company has a market cap of $15.80 billion, a PE ratio of 23.01, a PEG ratio of 1.83 and a beta of 1.03. The business's 50-day simple moving average is $114.51 and its two-hundred day simple moving average is $114.37.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $1.56 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that RPM International will post 5.5 EPS for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $2.04 annualized dividend and a yield of 1.7%. RPM International's dividend payout ratio (DPR) is 38.13%.

Insider Transactions at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of RPM International stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the sale, the director directly owned 7,394 shares of the company's stock, valued at approximately $882,547.84. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RPM International

Institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 250 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 118 shares in the last quarter. Curio Wealth LLC grew its stake in RPM International by 65,900.0% during the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company's stock worth $72,000 after purchasing an additional 659 shares in the last quarter. Farther Finance Advisors LLC grew its stake in RPM International by 82.1% during the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock worth $89,000 after purchasing an additional 344 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in RPM International by 71.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock worth $106,000 after buying an additional 384 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.