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

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%.

Shares of RPM International Inc. (NYSE:RPM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $131.0909.

Several brokerages have commented on RPM. Morgan Stanley upped their target price on shares of RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Royal Bank Of Canada upped 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 report on Monday, July 28th. BMO Capital Markets boosted their price target on shares of RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a report on Friday, July 25th. UBS Group boosted their price target on shares of RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Citigroup started coverage on shares of RPM International in a report on Monday, June 2nd. They issued a "buy" rating and a $135.00 price target for the company.

Insider Activity

In other news, Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director owned 7,394 shares of the company's stock, valued at $882,547.84. The trade was a 11.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RPM. GAMMA Investing LLC lifted its position in RPM International by 12,321.2% during the 1st quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock worth $31,367,000 after buying an additional 268,971 shares in 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 worth $25,536,000 after buying an additional 220,306 shares in the last quarter. Boston Trust Walden Corp lifted its position in RPM International by 18.1% during the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company's stock worth $66,076,000 after buying an additional 92,358 shares in the last quarter. Achmea Investment Management B.V. lifted its position in RPM International by 94.7% during the 1st quarter. Achmea Investment Management B.V. now owns 142,187 shares of the specialty chemicals company's stock worth $16,448,000 after buying an additional 69,153 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company's stock worth $39,096,000 after buying an additional 63,532 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Down 1.3%

Shares of RPM International stock traded down $1.72 on Friday, hitting $126.51. 336,429 shares of the company's stock traded hands, compared to its average volume of 651,389. The firm's 50-day moving average price is $120.38 and its two-hundred day moving average price is $114.82. The stock has a market capitalization of $16.23 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04. RPM International has a one year low of $95.28 and a one year high of $141.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.16 and a quick ratio of 1.45.

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, beating the consensus estimate of $1.60 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.02 billion. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. On average, research 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. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. RPM International's payout ratio is 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.