RPM International Inc. (NYSE:RPM) Receives $124.55 Consensus Price Target from Analysts

RPM International Inc. (NYSE:RPM - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $124.55.

RPM has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Royal Bank Of Canada dropped their target price on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a report on Thursday, April 10th. BMO Capital Markets lifted their price target on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Citigroup began 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. Finally, Wells Fargo & Company reduced their target price on RPM International from $140.00 to $116.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th.

Institutional Investors Weigh In On RPM International

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in RPM International by 12,321.2% in the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock valued at $31,367,000 after acquiring an additional 268,971 shares during the last quarter. Fairway Wealth LLC lifted its position in RPM International by 50,413.3% during the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock valued at $25,536,000 after purchasing an additional 220,306 shares during the period. Geode Capital Management LLC boosted its stake in shares of RPM International by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock valued at $336,198,000 after purchasing an additional 79,256 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of RPM International by 39.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company's stock worth $34,404,000 after buying an additional 78,828 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of RPM International during the fourth quarter worth approximately $9,161,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Price Performance

Shares of RPM traded down $0.75 during midday trading on Friday, reaching $109.81. The stock had a trading volume of 9,632 shares, compared to its average volume of 754,925. The company has a market capitalization of $14.10 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.91 and a beta of 1.06. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.38. The firm's 50 day moving average price is $110.81 and its 200-day moving average price is $116.59.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.51 billion. RPM International had a net margin of 8.82% and a return on equity of 25.08%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, April 17th. RPM International's dividend payout ratio is 40.88%.

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.