RPM International Inc. (NYSE:RPM) Given Consensus Rating of "Moderate Buy" by Analysts

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.

Shares of RPM International Inc. (NYSE:RPM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen ratings firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $131.0909.

RPM has been the subject of several research reports. Citigroup assumed coverage on shares of RPM International in a research report on Monday, June 2nd. They set a "buy" rating and a $135.00 price objective for the company. Wells Fargo & Company lifted their price objective on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. UBS Group upped their price target on RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Mizuho increased their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada boosted their target price on shares of RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research note on Monday, July 28th.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the transaction, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On RPM International

A number of large investors have recently modified their holdings of RPM. Lazard Asset Management LLC increased its stake in RPM International by 5.8% in the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company's stock worth $184,000 after purchasing an additional 93 shares during the period. Fiduciary Alliance LLC grew its stake in shares of RPM International by 1.3% in the 1st quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock worth $1,060,000 after buying an additional 116 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in RPM International by 43.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 118 shares during the last quarter. Keeley Teton Advisors LLC raised its holdings in RPM International by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company's stock worth $1,704,000 after acquiring an additional 155 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock worth $271,000 after purchasing an additional 161 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Up 2.6%

RPM International stock traded up $3.2910 during midday trading on Monday, reaching $127.6310. The stock had a trading volume of 621,025 shares, compared to its average volume of 773,141. The firm's fifty day simple moving average is $115.63 and its 200-day simple moving average is $114.55. RPM International has a 1-year low of $95.28 and a 1-year 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 stock has a market capitalization of $16.39 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.84 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.02 billion. During the same period in the prior year, the firm posted $1.56 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 15th. RPM International's dividend payout ratio is presently 38.13%.

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.