RPM International Inc. (NYSE:RPM) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• RPM International Inc. has received an average rating of "Moderate Buy" from thirteen brokerages, with a 1-year price target averaging $130.60.
• The company reported $1.88 EPS for the quarter, slightly exceeding expectations, and announced a quarterly dividend increase to $0.54 per share, yielding 1.9%.
• Insider transactions indicate director Frederick R. Nance sold 1,000 shares, resulting in a 11.91% decrease in their holdings.

Shares of RPM International Inc. (NYSE:RPM - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Seven equities research 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 1 year price target among brokerages that have issued a report on the stock in the last year is $130.60.

RPM has been the topic of a number of research reports. Weiss Ratings restated a "buy (b-)" rating on shares of RPM International in a report on Saturday, September 27th. Mizuho increased their target price on shares of RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Morgan Stanley raised their price target on shares of RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Wells Fargo & Company upped their price objective on shares of RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, BMO Capital Markets raised their target price on shares of RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the firm's 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 $882,547.84. This trade represents a 11.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in RPM International by 11.0% during the third quarter. GAMMA Investing LLC now owns 2,607 shares of the specialty chemicals company's stock worth $307,000 after acquiring an additional 259 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of RPM International by 13.2% during the 2nd quarter. Captrust Financial Advisors now owns 16,519 shares of the specialty chemicals company's stock worth $1,814,000 after purchasing an additional 1,927 shares during the period. Lazard Asset Management LLC increased its position in shares of RPM International by 5.8% during 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 last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in RPM International by 5.2% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company's stock valued at $1,321,000 after buying an additional 594 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company's stock valued at $37,260,000 after buying an additional 888 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Trading Down 2.3%

RPM stock opened at $114.11 on Tuesday. RPM International has a 12-month low of $95.28 and a 12-month high of $141.79. The business's 50-day moving average is $122.14 and its 200 day moving average is $114.84. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.95 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last announced its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.01. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. On average, sell-side analysts anticipate that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.9%. This is an increase from RPM International's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, October 20th. 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.

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