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

Key Points

• RPM International Inc. has received a consensus rating of “Moderate Buy” from thirteen brokerages, with an average price target of $131.09.
• The company reported earnings of $1.72 per share for the last quarter, exceeding analyst expectations and marking a 3.7% year-over-year revenue increase.
• RPM recently declared a quarterly dividend of $0.51 per share, leading to an annualized dividend yield of 1.6%.

RPM International Inc. (NYSE:RPM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $131.0909.

A number of equities analysts have recently issued reports on the company. Citigroup assumed coverage on RPM International in a research report on Monday, June 2nd. They set a "buy" rating and a $135.00 price target on the stock. BMO Capital Markets increased their price target on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Bank of America raised RPM International from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 14th. Morgan Stanley increased their price target on RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company raised their price objective on RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, July 25th.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 1,000 shares of the firm'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 sale, the director owned 7,394 shares of the company's stock, valued at $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPM. Thurston Springer Miller Herd & Titak Inc. raised its stake in RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock valued at $37,000 after buying an additional 250 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in RPM International by 43.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 118 shares during the last quarter. Curio Wealth LLC raised its stake in RPM International by 65,900.0% in the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 659 shares during the last quarter. Farther Finance Advisors LLC raised its stake in RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after buying an additional 344 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in RPM International by 71.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock valued at $106,000 after buying an additional 384 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Stock Down 1.8%

Shares of RPM traded down $2.22 during midday trading on Friday, reaching $123.17. 822,650 shares of the stock were exchanged, compared to its average volume of 616,562. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91. The company's 50 day moving average is $121.11 and its two-hundred day moving average is $114.92. The company has a market capitalization of $15.80 billion, a P/E ratio of 23.02, a PEG ratio of 2.08 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (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 business 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 company earned $1.56 EPS. The business's revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

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